Articles tagged “hna”

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.

3 days 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 week 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 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.

3 months 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.

7 months 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

8 months 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.

9 months 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.

9 months 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.

9 months ago

Anbang’s Multiple Hotel Investments Are Likely to Be for Sale

Anbang’s Multiple Hotel Investments Are Likely to Be for Sale

Vinicy Chan, Dinesh Nair, and Steven Yang , Bloomberg

Guess it's a good thing Anbang didn't win out over Marriott to acquire Starwood Hotels and Resorts after all.

10 months 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.

11 months ago

China’s Biggest Hospitality Dealmakers May Be Sidelined for Good

China’s Biggest Hospitality Dealmakers May Be Sidelined for Good

Daniel Meesak, Jing Travel

Just two years ago, insurance company Anbang surprised the world with its bid to buy Starwood. Now it and other Chinese companies that went on global shopping sprees are stuck with an impossible bill — and a government that doesn't approve of the purchases.

11 months ago