Hainan Airlines to buy $4.2 billion of planes, issue bonds

A customer (L) stands in front of a counter of Hainan Airlines at an airport in Haikou, Hainan province, China, July 29, 2014. REUTERS/Stringer/File Photo·Reuters

SHANGHAI (Reuters) - Hainan Airlines Holding said it plans to spend 28.9 billion yuan ($4.2 billion) on planes and issue 15 billion yuan of convertible bonds.

Hainan Airlines plans to purchase 19 planes, it said in a Shanghai stock exchange filing on Saturday.

(Reporting by Wang Jing and Engen Tham; Editing by Edwina Gibbs)

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