Articles tagged “hna”

China Plans to Sell HNA Group’s Airline Businesses as Part of Potential Takeover

China Plans to Sell HNA Group’s Airline Businesses as Part of Potential Takeover

Bhargav Acharya and Brenda Goh, Reuters

The HNA Group has been mired in financial troubles in recent years, but the prospect of losing its flagship Hainan Airlines from its waning portfolio looks likelier than ever.

6 months ago

Hong Kong Airlines Plans Cash Injection to Stave Off Losing License

Hong Kong Airlines Plans Cash Injection to Stave Off Losing License

Shawna Kwan and Will Davies, Bloomberg

Troubled Hong Kong Airlines isn’t providing details on its cash injection plan, so the question remains if the HNA-backed carrier — which is on the verge of having its license revoked — can survive the troubles facing Hong Kong.

8 months ago

Turkish Airlines Keen to Buy HNA’s Stake in Virgin Australia

Turkish Airlines Keen to Buy HNA’s Stake in Virgin Australia

Haze Fan, Ercan Ersoy and Manuel Baigorr, Bloomberg

The Asia-Pacific market is booming and Turkish Airlines wants in. First, it has to slay other suitors as HNA lets go of its Virgin stake.

1 year ago

China’s HNA May Sell Aircraft Maintenance Firm For as Much as $1 Billion

China’s HNA May Sell Aircraft Maintenance Firm For as Much as $1 Billion

Manuel Baigorri , Bloomberg

After selling hotel chains and properties, HNA is starting to unload assets close to its core aviation operations, such as SR Technics, whose business may also be slowing with clients like Air Berlin going under.

1 year ago

Hong Kong Airlines Cuts Direct Flights to Auckland

Hong Kong Airlines Cuts Direct Flights to Auckland

Kyunghee Park, Bloomberg

Struggling Hong Kong Airlines continues on its path to axe money-losing, long-haul flights and go back to flying in safer skies closer to home. This latest Auckland cut comes after it pulled out of Australia and Moscow and reduced the number of flights to Vancouver and San Francisco.

1 year ago

Air China Looked Into Buying HNA’s Airlines

Air China Looked Into Buying HNA’s Airlines

Bloomberg

Hainan Airlines is in many ways HNA's flagship brand, so selling it off would be an admission of defeat. The company's vociferous denial implies it wants to keep hold of it, but with debts of $78 billion, will it have a choice?

2 years 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.

2 years ago

Radisson Hospitality in the Dark Over HNA’s Plans

Radisson Hospitality in the Dark Over HNA’s Plans

Patrick Whyte, Skift

Given HNA's willingness to sell many of its other assets, offloading the Radisson Hotel Group looks like a likely scenario.

2 years ago

Co-Chairman of Former Hilton Shareholder HNA Dies in Fall in France

Co-Chairman of Former Hilton Shareholder HNA Dies in Fall in France

Prudence Ho and Geraldine Amiel, Bloomberg

2 years ago

Hainan Air Plans to Raise $1 Billion in Sale of Shares to Multiple Investors

Hainan Air Plans to Raise $1 Billion in Sale of Shares to Multiple Investors

Bloomberg

Hainan Air is making several restructuring moves as parent HNA Group sells off assets to ease its debt load. It will likely still be some time before the dust settles and the carrier finds some stability.

2 years ago

Thailand-Based Hotel and Restaurant Giant Minor to Take Over NH Hotels

Thailand-Based Hotel and Restaurant Giant Minor to Take Over NH Hotels

Deanna Ting, Skift

AccorHotels and the rest of the hotel industry have some competition in their respective quests to get bigger.

2 years ago

HNA Sale of Stake in NH Hotels Could Draw Growing List of Bidders This Week

HNA Sale of Stake in NH Hotels Could Draw Growing List of Bidders This Week

Vinicy Chan, Sarah Syed and Manuel Baigorri, Bloomberg

There's a bright side to HNA's Chinese government-induced sale of its stake in Spain's NH Hotels: The disposal could turn into a downright bidding war.

2 years ago