Hainan Airlines receives USD101m in government subsidies in 2018

    Hainan Airlines announced (30-Jan-2019) the carrier and its subsidiary airlines received CNY667 million (USD101 million) in government subsidies in 2H2018, accounting for 20% of the carrier’s net profit for the year. Subsidies for air services reached CNY563 million (USD85.2 million) while the remainder included such things as rewards from city governments for increasing traffic at their airports.