May 22, 2017 / 1:05 AM / 2 months ago

Hainan Airlines to buy $4.2 bln of planes, issue bonds

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SHANGHAI, May 22 (Reuters) - Hainan Airlines Holding said it plans to spend 28.9 billion yuan ($4.2 billion) on planes and issue 15 billion yuan of convertible bonds.

Hainan Airlines plans to purchase 19 planes, it said in a Shanghai stock exchange filing on Saturday. ($1 = 6.8830 Chinese yua) (Reporting by Wang Jing and Engen Tham; Editing by Edwina Gibbs)

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