Articles tagged “hna group”

China’s Comac May Sell Its First Aircraft to an Overseas Carrier Soon

China’s Comac May Sell Its First Aircraft to an Overseas Carrier Soon

Bruce Einhorn and Moses Mozart Dzawu, Bloomberg

Ghana’s AWA (Africa World Airlines) may order Comac's regional jets this month. The carrier would be among the first overseas customers for Comac's commercial aircraft. But the airline is partly owned by China’s HNA Group, which makes it less of a coup than it first appears. Boeing, Airbus, and Embraer may still have some years yet until they compete in jet sales with Comac.

5 months ago

Cathay Pacific Eyes Investment in Hong Kong Express Airways

Cathay Pacific Eyes Investment in Hong Kong Express Airways

Cathy Chan, Bloomberg

While Cathay Pacific considers taking a minority stake in Hong Kong Airlines and Hong Kong Express, it needs to tread carefully to avoid entering a bidding war with several Hong Kong tycoons, who may also make bids. The carrier can't afford to be spendthrift.

6 months ago

HNA Unit Offers Airline Vouchers Instead of Cash to Repay Investors

HNA Unit Offers Airline Vouchers Instead of Cash to Repay Investors

Lianting Tu and Carrie Hong, Bloomberg

A financial unit of sprawling conglomerate HNA Group offered to repay investors with vouchers in HNA-owned airlines, a proposal that speaks to the severity of HNA's debt woes. The Chinese group recently offered to sell its carrier Lucky Air and its airport services provider Swissport.

9 months ago

HNA Is Selling Off Luxury Jets as Its Global Portfolio Wanes

HNA Is Selling Off Luxury Jets as Its Global Portfolio Wanes

Haze Fan and Dong Ly, Bloomberg

HNA has become an example of what happens when appetites get out of control. The conglomerate is looking to sell off billions of dollars of assets as it works to get its debt under control.

10 months ago

Virgin Australia Could Get New Investors if HNA Sells Its Stake

Virgin Australia Could Get New Investors if HNA Sells Its Stake

Manuel Baigorri, Vinicy Chan and Steven Yang, Bloomberg

Perhaps a new investor will help provide Virgin Australia with direction. It would be nice if Australians had a true second choice other than Qantas. But Virgin Australia has been suffering.

12 months ago

Jin Jiang Is Buying Radisson Hotel Group

Jin Jiang Is Buying Radisson Hotel Group

Patrick Clark and Young-Sam Cho, Bloomberg

The great HNA hospitality unraveling continues. More interesting though, is what does this mean for Jin Jiang's other hospitality investments, including its 12 percent stake in AccorHotels?

1 year ago

HNA Group May Sell Radisson to Rival Chinese Conglomerate Jin Jiang

HNA Group May Sell Radisson to Rival Chinese Conglomerate Jin Jiang

Bloomberg

Nearly two years after HNA Group announced it would sell off Radisson Hotel Group to pay off some of its mounting debt, another Chinese conglomerate wants to add to its portfolio. Jin Jiang has been patiently growing its hospitality holdings, but may end up in a similar debt trap to HNA Group in the end.

1 year ago

Spain’s Barcelo Eyes HNA’s Stake in NH Hotels

Spain’s Barcelo Eyes HNA’s Stake in NH Hotels

Vinicy Chan and Manuel Baigorri, Bloomberg

Despite having an offer turned down earlier this year, Barcelo still appears keen on NH Hotels. Buying a minority stake would likely be the first step to consolidation within the Spanish hotel sector.

1 year ago

Singaporean Investment Firm Could Be a Big Winner From HNA Group’s Selling Spree

Singaporean Investment Firm Could Be a Big Winner From HNA Group’s Selling Spree

David Fickling, Bloomberg

Singapore's Temasek Holdings could become a juggernaut in airline catering if it buys Gategroup and Swissport from HNA Group. Nobody is quite sure if the price is right, even though HNA Group is ready to sell.

1 year ago

Swissport IPO Shelved as HNA Group Continues Search for Funding

Swissport IPO Shelved as HNA Group Continues Search for Funding

Jan-Henrik Förster and Patrick Winters, Bloomberg

Market volatility is making it more difficult for HNA Group to sell off assets and pay off its massive debt, although the sale of its stake in Hilton Worldwide will likely generate enough money to get the company back on the right track.

1 year ago

HNA Sale of Hilton Stock Could Be Worth $6.5 Billion

HNA Sale of Hilton Stock Could Be Worth $6.5 Billion

Deanna Ting, Skift

No doubt most Wall Street analysts and Hilton shareholders are likely happy about this news. We do, however, have to wonder how Carlson Hotels, which is 100 percent owned by HNA, is taking this recent news.

1 year ago

HNA Asset Sales Hit Speed Bump Over Canceled Airline Caterer IPO

HNA Asset Sales Hit Speed Bump Over Canceled Airline Caterer IPO

Prudence Ho, Bloomberg

HNA Group has always been something of a complicated beast and it looks like this has scared off potential investors worried about the lack of clarity surrounding the Swiss airline catering IPO.

1 year ago