Grand China Air
IATA ICAO Callsign
CN GDC GRAND CHINA [1]
Founded2007 (2007)
Frequent-flyer programFortune Wings Club
SubsidiariesAir Changan
Tianjin Airlines
Fleet size3
HeadquartersBeijing, China
Websitegrandchinaair.com
Grand China Air
Simplified Chinese大新华航空
Traditional Chinese大新華航空

Grand China Air Co., Ltd. (GCA) is a Chinese airline based at Haikou Meilan International Airport.

History

Grand China Air was formed on 29 November 2007 under the initiative of the HNA group's largest operational entity, Hainan Airlines, to merge its operations with HNA Group's subsidiaries Shanxi Airlines, Chang An Airlines, and China Xinhua Airlines. The airline is headquartered in Beijing and registered in Hainan Province. As of 14 April 2012 only one of its 737-800s have been fitted with winglets.

Grand China Air was owned by 23 shareholders. The top 5 shareholders were Hainan Development Holdings (24.97%), HNA Group (23.11%), Starstep (9.57%), Haikou Meilan International Airport (8.30%) and Shenhua Group (5.56%).[2] It was reported that George Soros was a minority shareholder[3][4] It was reported that Starstep was still owned by Soros. Former associate of Soros, Bharat Bhisé, via Pan-American Aviation Holdings,[5] owned 4.00% stake of Grand China Air as the 8th largest shareholder (in 2015 Pan-American was acquired by Jun Guan);[6][7] Pan-American Aviation Holdings was a minority shareholder of HNA Group indirectly.[2]

U.S. sanctions

In January 2021, the United States government named Grand China Air as a company "owned or controlled" by the People's Liberation Army and thereby prohibited any American company or individual from investing in it.[8]

Destinations

Grand China Air will serve the same destinations as Hainan Airlines.

Fleet

A Grand China Air Boeing 737-800 landing at Beijing Capital International Airport in 2020.

Current fleet

As of September 2019, Grand China Air operates an all-Boeing fleet consisting of the following aircraft:[9]

Grand China Air fleet
Aircraft In Fleet Orders Passengers Notes
F Y Total
Boeing 737-800 3 – 8 156 164

Former fleet

The airline previously operated the following aircraft (as of August 2018):[10]

References

  1. ↑ "Designators and Indicators", Eurocontrol, retrieved on 2008-11-13.
  2. 1 2 "简式权益变动报告书" (PDF). Hainan Airlines (in Chinese). Shanghai Stock Exchange. 7 September 2016. Retrieved 23 February 2017.
  3. ↑ Leo Zhang, "It's plane and simple: China has Grand plan", Shanghai Daily, 2007-11-30. Retrieved on 2008-03-31. Archived 2008-09-19 at the Wayback Machine
  4. ↑ Hainan Airlines Announces Grand China Airline's Opening Archived 2007-07-23 at archive.today, China Hospitality News, 2007-12-03. Retrieved on 2008-03-31.
  5. ↑ "Pan American Holdings to Invest Up to $100 Million in Newly Established Grand China Airlines; Letter of Intent Signed in Haikou, China, on April 1, 2006". businesswire. 5 April 2006. Retrieved 23 February 2017.
  6. ↑ "2015 Annual Report" (PDF). AID Partners Capital Holdings. Hong Kong Stock Exchange. 30 March 2016. Retrieved 23 February 2017.
  7. ↑ "Public Tender Offer by HNA Aviation (Hong Kong) Air Catering Holding Co., Ltd., Hong Kong for all publicly held registered shares with a nominal value of CHF 5.00 each of gategroup Holding Ltd, Kloten, Switzerland" (PDF). HNA Group. 19 May 2016. Archived from the original (PDF) on 24 February 2017. Retrieved 23 February 2017.
  8. ↑ Stone, Mike; Alper, Alexandra; Brunnstrom, David (2021-01-14). "Trump administration takes final swipes at China and its companies". Reuters. Retrieved 2021-01-14.
  9. ↑ "Global Airline Guide 2019 (Part One)". Airliner World (October 2019): 11.
  10. ↑ "Global Airline Guide 2018 (Part One)". Airliner World (October 2018): 11.

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