HNA units to get 500m yuan

Two subsidiaries of HNA Group, China's fourth largest airline group, will receive a 500 million yuan capital injection from Tianjin Port Free Trade Zone as the local government tries to help airlines through the financial crisis.

Tianjin-based Grand China Express, HNA's regional airline, will get 200 million yuan, while Bohai Leasing Co, HNA's leasing arm, will receive 300 million yuan.

The cash injection came after two of the country's three largest airline groups, China Southern Airlines and China Eastern Airlines, each received a 3 billion yuan cash infusion from the government earlier this month.