HNA Group finds strategic investors for airline, airport businesses as conglomerate takes steps to emerge from bankruptcy

//HNA Group finds strategic investors for airline, airport businesses as conglomerate takes steps to emerge from bankruptcy

HNA Group finds strategic investors for airline, airport businesses as conglomerate takes steps to emerge from bankruptcy

The administrators of HNA Group’s debt restructuring programme have decided on strategic investors for the Chinese conglomerate’s airline and airport businesses.Liaoning Fangda Group Industrial will be the strategic investor for HNA’s flagship airline business while Hainan Development Holdings will invest in its airport business, according to exchange filings on Sunday by Hainan Airlines Holding and HNA Infrastructure Investment Group.Hainan Airlines and HNA Infrastructure both plan to issue…

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By | 2021-09-12T13:34:09+00:00 September 12th, 2021|Business|Comments Off on HNA Group finds strategic investors for airline, airport businesses as conglomerate takes steps to emerge from bankruptcy