TOPIC
 / company

HNA Group

HNA Group was one of China’s largest privately owned conglomerates before its collapsed in 2020. Photo: Reuters

Hong Kong court adjourns winding-up trial of HNA Group by 6 weeks

Two separate lawsuits were filed earlier this year against the investment arm of HNA Group, which defaulted on a US$200 million bond in 2021.

Hong Kong Airlines launches new route to Xining in Qinghai province

HNA arm Bohai to soon start US$5 billion sale of container lessor Seaco: sources

Hong Kong Airlines to launch weekend giveaway of tickets

Hong Kong Airlines says popular destinations Japan and Thailand already back to pre-coronavirus levels as it launches ticket giveaway.

Hong Kong Airlines staff and youngsters on Friday promote the carrier’s ticket giveaway over the weekend. Photo: Yik Yeung-man

HNA buys 100 planes from Comac, giving China’s builder a leg up

The procurement is a boost for Comac in helping China to fulfil President Xi Jinping’s aspiration to challenge the dominance of Boeing and Airbus in the home or even the global market.

12

Hong Kong Airlines’ US$6.2 billion debt restructuring approved by creditors

Hong Kong Airlines’ debt restructuring plan has been approved by creditors, the Post has learned, removing a key hurdle for the carrier to tackle US$6.2 billion of liabilities.

Advertisement
Advertisement

Hong Kong Airlines to face its fate in UK debt workout plan hearing

Hong Kong Airlines is set to face a second hearing next month on its US$6.2 billion debt restructuring in a British court, as bondholders plan to vote against the proposal.

A Hong Kong Airlines A320 passenger aircraft on the tarmac with its jet engines removed, at the Hong Kong International Airport. Photo: Winson Wong

House on The Peak owned by bankrupt HNA sells at a loss of US$15 million

House 6 at Twelve Peaks was sold to Guo Deying, who shares the same name as the founder of Coolpad Group, for HK$387 million.

videocam

Hong Kong developers hunt for bargains as China firms fall on hard times

The tide has turned on Chinese asset buyers and their grab for land in Hong Kong, after a regulatory crackdown on leveraged acquisitions by Chinese regulators in 2017.

Hainan Airlines to raise US$7.9 billion via stock sale to cut debt

The stock issue is the latest step in China’s efforts to unravel HNA’s US$309 billion of debt after the group’s rapid borrowing-fueled expansion.

A Hainan Airlines aircraft on the tarmac at the Beijing airport on May 13, 2018. Photo: Reuters

LVMH mulls first Louis Vuitton duty-free store in China in strategy shift

French luxury group is considering opening its first Louis Vuitton duty-free store in China in Hainan in a move that would mark a strategy shift, according to two sources.

videocam
People seen outside a Louis Vuitton store on the Champs Elysees Avenue in Paris on May 11, 2020. Photo: Xinhua

HNA’s creditors get the go-ahead to sell global assets to repay debt

HNA Group, founded by Chen Feng around Hainan Airlines, grew into one of China’s largest private conglomerates and biggest offshore asset buyers over two decades.

HNA’s founder Chen Feng, chief executive Adam Tan detained

The detentions bring the curtains down on HNA, built on the foundations of China’s most successful private carrier Hainan Airlines.

8

HNA to be split into four as group’s restructuring enters final stretch

HNA will be split into four independently run businesses: aviation, airport, financial and commercial, says executive chairman Gu Gang, who is leading the group’s revamp.

HNA Group’s restructuring is slowly taking shape. Photo: Imaginechina via AFP

Debt-laden Chinese conglomerate finds investors for airline, airport businesses

Liaoning Fangda will be the strategic investor for the group’s flagship HNA Airlines while Hainan Development Holdings will invest in HNA Infrastructure.

Travellers wearing face masks wait in line at Hainan Airlines’ check-in counters at Beijing international airport in March last year. Photo: AP Photo

Creditors put HNA’s US$56 million Hong Kong penthouse up for sale

The flat was previously owned by Billion Able, which had HNA chairman Chen Feng as its director. The firm bought it in 2015 for US$55.6 million.

HNA bankruptcy restructuring is postponed amid state airlines’ absence

Embattled Chinese conglomerate HNA Group will delay the submission of a proposal for its restructuring, as China’s state-owned carriers have steered clear of bailing out the country’s biggest private-sector carrier, according to sources familiar with the matter.

videocam
Advertisement
Advertisement

HNA faces US$187 billion in claims from 67,400 creditors

HNA, whose flagship business is Hainan Airlines, used a US$50 billion debt-fuelled acquisition spree to build an empire that included stakes in businesses from Deutsche Bank to Hilton Worldwide

4
A Hainan Airlines aircraft sits on the tarmac in Beijing on May 13, 2018. Photo: Reuters

Fosun unit Yuyuan sets up US$6.4 billion firm to invest in airlines

Yuyuan’s shares rose by the daily limit of 10 per cent to 13.08 yuan on Thursday amid speculation that its aviation investment company would target Hainan Airlines.

HNA airline unit posts biggest-ever loss for a listed Chinese company

Hit by the outbreak of Covid-19 and provisions for asset losses linked to a restructuring at its parent firm, the Haikou-based carrier reported a loss of 64 billion yuan (US$9.9 billion) for 2020

Hainan Airlines slumps after it warns loss could reach US$10.06 billion

Hainan Airlines Holding sheds as much as 9.8 per cent in Shanghai, with other HNA Group entities also falling after parent’s bankruptcy restructuring.

Hainan Airlines said its expects to post massive losses because of problems at parent HNA Group. Photo: AFP

HNA’s woes mount as three units disclose embezzlements of US$10 billion

Shareholders and other related parties had embezzled 61.5 billion yuan, Hainan Airlines Holding, HNA Infrastructure Investment and CCOOP Group said.

HNA had 706.7 billion yuan (US$110 billion) in debt at the end of June 2019. Photo: Reuters

HNA Group’s chief rallies staff after company’s bankruptcy workout

The rallying cry by the leader of HNA Group, appointed in February 2020 by regulators and the Hainan provincial government to lead the company’s debt workout, comes a day after one of China’s largest private conglomerates received a court petition to undergo bankruptcy restructuring.

HNA Group enters bankruptcy restructuring as it buckles under debt

HNA Group’s acquisition spree came to an end in 2017 when China’s financial regulators, fearful of risks to the banking industry, cracked down on the debt-fed binge.

21

Chen Feng is missing from HNA Group’s key decision-making body

The omission is a dramatic exit by an entrepreneur whose global shopping spree of everything banks to hotels totalled at least 1 trillion yuan (US$154.8 billion) of assets as recently as in 2017, fuelling his ambition to make it among the Fortune 100 list of the world’s largest companies by assets.

Chen Feng, then Chairman of HNA Group, during an interview in his office in the Hainan provincial capital of Haikou on 23 June 2017. Photo: Xiaomei Chen

Hong Kong Airlines to axe 250 flight attendants in new pandemic-related cuts

City’s third largest carrier tells staff that extended grounding of planes during pandemic forced a rethink of staffing levels.

videocam
More job cuts are coming at Hong Kong Airlines. Photo: Nora Tam

Platinum Equity closes in on US$7 billion deal for HNA’s Ingram

At US$7 billion, the sale would be the biggest asset disposal by a Chinese company to a buyer outside the country in the year to date, according to data compiled by Bloomberg.

Hong Kong Airlines cautious on expansion in wake of Cathay Dragon shutdown

Cash-strapped carrier has its own set of problems, but hopes flight-to-nowhere model, pay cuts and government subsidies bring respite.

videocam
Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
HNA Group
HNA Group is primarily an aviation services company that also has business that spans investment management, tourism development and other industries.
Chairman / President
Gu Gang
CEO / Managing Director
Gu Gang
CFO / Finance Director
Meng Yongtao
Industry
Aerospace & Defence
Website
hnagroup.com
Headquarters address
4 Tianzhi Street, Haikou, Hainan, China
Year founded
2000
last updated:
30 September, 2024
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement