Articles tagged “hna group”

Airlines

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

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.

Bruce Einhorn and Moses Mozart Dzawu, Bloomberg | 3 years ago
China’s Comac May Sell Its First Aircraft to an Overseas Carrier Soon

Airlines

Cathay Pacific Eyes Investment in Hong Kong Express Airways

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.

Cathy Chan, Bloomberg | 3 years ago
Cathay Pacific Eyes Investment in Hong Kong Express Airways

Airlines

HNA Unit Offers Airline Vouchers Instead of Cash to Repay Investors

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.

Lianting Tu and Carrie Hong, Bloomberg | 4 years ago
HNA Unit Offers Airline Vouchers Instead of Cash to Repay Investors

Airlines

HNA Is Selling Off Luxury Jets as Its Global Portfolio Wanes

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.

Haze Fan and Dong Ly, Bloomberg | 4 years ago
HNA Is Selling Off Luxury Jets as Its Global Portfolio Wanes

Airlines

Virgin Australia Could Get New Investors if HNA Sells Its Stake

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.

Manuel Baigorri, Vinicy Chan and Steven Yang, Bloomberg | 4 years ago
Virgin Australia Could Get New Investors if HNA Sells Its Stake

Hotels

Jin Jiang Is Buying Radisson Hotel Group

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?

Patrick Clark and Young-Sam Cho, Bloomberg | 4 years ago
Jin Jiang Is Buying Radisson Hotel Group

Hotels

HNA Group May Sell Radisson to Rival Chinese Conglomerate Jin Jiang

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.

Bloomberg | 4 years ago
HNA Group May Sell Radisson to Rival Chinese Conglomerate Jin Jiang

Hotels

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

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.

Vinicy Chan and Manuel Baigorri, Bloomberg | 4 years ago
Spain’s Barcelo Eyes HNA’s Stake in NH Hotels

Airlines

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

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.

David Fickling, Bloomberg | 4 years ago
Singaporean Investment Firm Could Be a Big Winner From HNA Group’s Selling Spree

Airlines

Swissport IPO Shelved as HNA Group Continues Search for Funding

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.

Jan-Henrik Förster and Patrick Winters, Bloomberg | 4 years ago
Swissport IPO Shelved as HNA Group Continues Search for Funding