Manila-based Asian Development Bank (ADB) is to make a more than $200 million foray into China’s airport sector in the form of a loan and equity buy-in deal with HNA Airport Holding Group.

The development bank, which is funded by its many member countries, says in a statement that the project, dubbed the Central and Western Airports Development Project, will comprise a $50 million equity investment in HNA Airport Holding (Group), which is a private company linked to Hainan Airlines. The company has stakes in airports in Hainan province as well as in other parts of China.

“The investment will assist Hainan Airport Group secure the confidence of international investors and attract more funds to continue expanding in the airport sector,” says ADB.

“While the company has already achieved significant success and has established a sound reputation in the indus

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