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            september 22, 2019

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Hainan Airlines to open European network from Turkey


China's HNA group aims to establish a European route network following its acquisition of a 49 per cent stake in Turkey's ACT Airlines for US$25 million, reports Hurriyet Daily News.
It said that the Chinese group now plans to invest more in Turkey, according to comments made by a 'top' ACT executive who was not named, reports the daily.
It is believed the company is planning to rank among the top carriers in Europe, underscoring the importance of the investment in Turkey for HNA's European strategy.
The report said the alliance between Chinese and Turkish companies is very important in terms of allowing HNA to expand its international routes in the Middle East, establish a European route network and grow its overseas businesses.
Istanbul-based ACT Airlines performs unscheduled air cargo services. In addition to ACT's current fleet of four Airbus 300 cargo aircraft, HNA plans to grow quickly by purchasing three Boeing 747-400 aircraft before year's end to become the biggest air freight carrier in the country.

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