In a move that proves the comeback of aviation in China, Grand China Airlines, parent of China’s fourth-biggest carrier Hainan Airlines along with China Xinhua Airlines, Shanxi Airlines and Changan Airlines, plans to raise more than HK$10 billion in the first half of 2011 through IPO. Meanwhile in a related move Hong Kong Airlines, which is controlled by Hainan Airlines, is busy appointing underwriters for a planned HK$5 billion IPO in the third quarter of 2011. Hong Kong Airlines plans to use its IPO proceeds to fund the recent orders for aircraft 33 Airbus aircraft. The application for Hong Kong
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