Articles tagged “hna”

Airlines

Humbled Hainan Airlines Parent HNA Gets Creditor Approval to Restructure

You remember HNA Group, the company that operates Hainan Airlines and went on a buying tear, owning a chunk of Hilton Worldwide for a time before selling it off. Although it aims to be more focused this time around, a $5.8 billion funding infusion won't hurt its prospects.

Humbled Hainan Airlines Parent HNA Gets Creditor Approval to Restructure

Airlines

Hainan Airlines Among Alleged Victims of $10 Billion Embezzlement at Bankrupt Parent HNA

First a bankruptcy, then disclosures alleging embezzlement by shareholders. All during a pandemic. Things promise to get uglier for the this once high-flying aviation group.

Hainan Airlines Among Alleged Victims of $10 Billion Embezzlement at Bankrupt Parent HNA

Airlines

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

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.

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

Airlines

Hong Kong Airlines Plans Cash Injection to Stave Off Losing License

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.

Hong Kong Airlines Plans Cash Injection to Stave Off Losing License

Airlines

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

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.

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

Airlines

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

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.

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

Airlines

Hong Kong Airlines Cuts Direct Flights to Auckland

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.

Hong Kong Airlines Cuts Direct Flights to Auckland

Airlines

Air China Looked Into Buying HNA’s Airlines

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?

Air China Looked Into Buying HNA’s Airlines

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.

HNA Unit Offers Airline Vouchers Instead of Cash to Repay Investors

Hotels

Radisson Hospitality in the Dark Over HNA’s Plans

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

Radisson Hospitality in the Dark Over HNA’s Plans