Hainan Airlines is preparing a return to China’s domestic bond market following its restructuring, in a move that could test investor confidence in previously distressed issuers, according to Bloomberg.
The carrier is seeking to raise up to 500 million yuan ($73 million) through a potential five-year onshore bond sale, with company representatives said to have approached investors in recent weeks to gauge demand. The planned issuance, which has reportedly been under consideration for at least a year, would mark a significant step in the airline’s financial recovery after the collapse of its former parent, HNA Group.
Market participants said the deal would serve as a key barometer for appetite toward restructured companies returning to the debt market.
The airline has been rebuilding both its balance sheet and operations. In December 2025, shareholders approved a 750 million yuan ($106.5 million) capital injection into its cargo arm, HNA Cargo, aimed at strengthening its financial position, restructuring debt and better integrating freighter operations with passenger belly-hold capacity.
At the same time, Hainan Airlines is expanding its international footprint. The carrier is set to increase its Beijing–Dublin service to daily flights from June 22, according to Ireland’s ambassador to China, Nicholas O’Brien, following a visit to the airline’s operations centre in Haikou. The move is expected to deepen connectivity between China and Ireland.