Shanghai Yuyuan Tourist Mart Group is reported to be planning to create a company with affiliates and strategic investors to invest in airline companies. A report from Reuters states that the new entity, Yuyuan Aviation Industry Limited Partnership, may launch a bid for HNA Group’s airline assets, including Hainan Airlines. Juneyao Air has also suggested it could bid for the same assets via a new an investment firm, according to a report by Caixin magazine.