Hainan Airlines, China ‘s fourth largest airline, will launch a corporate venturing-style fund to invest RMB5bn ($747m) in aircraft leasing.
Hainan Airlines will launch the fund with Tianjin Yanshan Investment Management and target an annual investment return of at least 10%, the company said in a statement to the Shanghai Stock Exchange seen by newswire Reuters.
"The investment would help improve the company’s revenue structure, diversify our business and broaden our own options in aircraft leasing," Hainan Airlines said in the statement.