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Hainan Airlines Group reported (30-Apr-2021) the following financial highlights for the 12 months ended 31-Dec-2020:
Total operating revenue: CNY29,401 million (USD4.3 billion), -59.4% year-on-year;
Total operating costs: CNY50,699 million (USD7.4 billion), -33.8%;
Operating profit (loss): (CNY71,551 million) (USD10.4 billion), compared to a profit of CNY798 million in p-c-p;
Net profit (loss): (CNY68,743 million) (USD10 billion), compared to a profit of CNY733.1 million in p-c-p;
Total assets: CNY164,577 million (USD23.9 billion);
Monetary funds: CNY8236 million (USD1.2 billion);
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Hainan Airlines to transfer USD11bn debt to affiliates
Hainan Airlines announced (09-Feb-2021) plans to transfer interest bearing debts worth up to CNY72.5 billion (USD11.3 billion) to affiliates including
HNA Group to let them repay. Hainan Airlines said the move was part of a plan to dispose of its debts after its creditors applied for the company s bankruptcy and restructuring at the end of Jan-2021. The carrier stated 147 of the 203 members of the creditors committee, which holds 81.24% of the total debt, have agreed to its plan. [more - original PR - Chinese]
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