China's Hainan Airlines ropes in Liaoning Fangda Group as strategic investor

China's Hainan Airlines ropes in Liaoning Fangda Group as strategic investor

FILE PHOTO: A customer (L) stands in front of a counter of Hainan Airlines at an airport in Haikou, Hainan province, China, July 29, 2014. REUTERS/Stringer/File Photo

China’s Hainan Airlines said on Sunday that Liaoning Fangda Group Industrial Co. Ltd will become a strategic investor, as the airline’s parent HNA Group takes steps to emerge from bankruptcy.

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