Hainan turns to Tianjin govt to invest in its regional carrier

"Hainan Airlines (HNA) Group is changing its Tianjin-based regional carrier, Grand China Express, into Tianjin Airlines and has persuaded the authorities in Tianjin to invest in the regional carrier.A spokesman in Hainan Airlines' Haikou-headquarters confirms that HNA Group's Grand China Express is changing its name to Tianjin Airlines. A spokesman for the group company, meanwhile, says it will retain a majority stake in the business but that the Tianjin Government and the Tianjin Free Trade Zone will be investing in it in return for a minority stake." Article