Alibaba cargo flights supply duty-free shopping zone in China
Direct flights from Singapore slice days off transit time for in-demand luxury goods 2 minutes read Suparna Airlines is running a dedicated air transport route for Alibaba between Singapore and Chinese cities in Hainan Province. (Photo: Alibaba)
The logistics arm of e-commerce giant Alibaba Group has contracted with Suparna Airlines to operate daily dedicated cargo flights between Singapore and Hainan province in China to support Hainan’s emergence as a duty-free shopping hub and growing e-commerce orders.
The new air service is the latest example of how Cainiao Smart Logistics Network is rapidly expanding its private airline to quickly transport shipments for customers, much like Amazon Air (NASDAQ: AMZN) is doing in the U.S. and Europe.
In operation
Underwent voluntary administration in 2020; now operating under new owners
One of its first major aviation acquisitions happened in 2006, when it ventured into neighbouring Hong Kong to buy up shares in what was then known as CR Airways. HNA Group ended up taking around 60% of the carrier, and it was renamed Hong Kong Airlines. The strategy was to expand its presence in Hong Kong, connecting the city with points in China and beyond.
The same year, HNA Group also acquired shares in Hong Kong Express, which was operating a small fleet of regional jets. The new ownership paved the way for it to be rebranded as a low-cost carrier – and sister unit to Hong Kong Airlines.
By Cirium2021-02-02T01:23:00+00:00
News that HNA Group creditors will seek to put the conglomerate into bankruptcy and reorganise it did not come as a surprise to some lessors, who had been anticipating such an announcement around the Chinese New Year.
“It’s no surprise, really, although most people were half-hoping for a government bailout,” one lessor with exposure told Cirium hours after the story broke on 29 January.
Source: HNA Group
HNA Group’s creditors have sought to put the conglomerate into bankruptcy.
Lessors, who are already swamped with multiple airline restructurings in Asia-Pacific, may now have yet another bankruptcy to deal with, this time one which would impact about a dozen airlines.
By Reuters Staff
2 Min Read
(Reuters) - Creditors of China’s HNA Group on Friday applied to a Chinese court for the company to be placed in bankruptcy and restructured.
FILE PHOTO: Hainan Airlines Airbus commercial passenger aircraft is pictured in Colomiers near Toulouse, France, November 26, 2018. REUTERS/Regis Duvignau
The assets include stakes in more than a dozen airlines, led by its flagship firm Hainan Airlines, China’s fourth-biggest carrier and the largest one that is not state-owned.
The airlines have more than 500 narrowbody planes and 100 widebody aircraft, according to data from industry publication Leeham News and Analysis.
1. Hainan Airlines
By Reuters Staff
2 Min Read
Feb 1 (Reuters) - Creditors of China’s HNA Group on Friday applied to a Chinese court for the company to be placed in bankruptcy and restructured.
The assets include stakes in more than a dozen airlines, led by its flagship firm Hainan Airlines, China’s fourth-biggest carrier and the largest one that is not state-owned.
The airlines have more than 500 narrowbody planes and 100 widebody aircraft, according to data from industry publication Leeham News and Analysis.
1. Hainan Airlines