Hainan Airlines Group (HNA) has signed a cooperation agreement with China Minmetals Corporation and the Yingkou municipal government in Shenyang, to establish a joint venture company to build a US$59 million (Yuan 400 million) airport in Liaoning province's tourist coastal city of Yingkou.
The new Yingkou Airport company, is planning to build an airport with an initial capacity of 150,000-300,000 passengers year. Capacity will rise to 500,000-1 million passengers per year in the medium term, and rise long-term to 3-5 million. Yingkou airport is destined to become an important regional airport for the surrounding Bohai Sea area.
Hainan Airlines Group has shown a willingness to invest in airport developments. Currently under the HNA Group, there are total 12 airports including Haikou Meilan airport, Sanya Phoenix airport, Yichang Three Gorges airport, Guansu Aiport Group (Lanzhou, Denghuang, Jiayuguan and Qingyang), Weifang Nanyuan Airport, Dongying Yong'an aiprot, Manzhouli Xijiao airport and Anqing airport.
In 2008, 18 million passengers traveled through airports in which the company holds a stake.