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Hainan Airlines reports largest ever Chinese corporate loss

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Hainan Airlines reports largest ever Chinese corporate loss

Covid-19 and the HNA Group restructuring resulted in Hainan Airlines posting a monstrous 64 billion yuan (US$9.9bn) loss for 2020. It also reported a first-quarter 2021 loss of 2.6 billion yuan. Hainan Airlines Holding was a cornerstone of the Chen Feng business empire which drove cash and deposits ...

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