Hainan Airlines, a listed company, is partially owned by HNA Group.

The remain 26.67% shares of the trust company were owned by another subsidiary of HNA Group (Chinese: 海南海航实业控股; lit.

'Hainan HNA Industrial Holding'),[2] which the group owned 72.98% stake of that subsidiary directly and indirectly (via Chinese: 海航实业集团; lit.

[3] In 2012 China Xinhua Airlines also acquired the minority stake (795.65 million shares) from HNA Hospitality Group, Tangla Hotel Beijing [zh], Haikou Meilan International Airport Co., Ltd. and 2 sister companies,[6] for a total price of CN¥2.761 billion (CN¥3.47 per share).

[7] China Xinhua Airlines did not subscribed the 2016 capital increase of the trust company,[8] making the shares were diluted to 22.10%.