All HNA articles
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Insights
Putzger perspective: A tale of two airports
Frankfurt-Hahn airport filed for bankruptcy in October.Obviously it did not help that HNA Group, which had 82.5% of the ownership (with the remainder held by the German state of Hesse), has been in dire straits for some time and clearly not in a position to lift activities at Hahn, but ...
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News
HNA Group set for reorganisation after bankruptcy filing
HNA Group will undergo a business reorganisation after creditors filed for its bankruptcy.The group, one of China’s largest conglomerates with interests mainly in the aviation and tourism sectors, discloses that it received formal notice of the filing from the Hainan High People’s Court on January 29.Creditors have "filed an application ...
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News
Reports re-emerge suggesting Swissport is up for sale
Reports have re-emerged suggesting that cargo handler Swissport is up for sale.Reuters reports that the handler's owner, China-based conglomerate HNA, is looking to offload Swissport at a discount in order to raise cash and cut debts.It is suggested that buyout firms Apollo Global Management and Cerberus, and asset manage Brookfield ...
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News
Cathay agrees HK Express acquisition from HNA
Hong Kong-based Cathay Pacific has entered into a HK$4.93bn share purchase agreement to buy 100% of low-cost carrier Hong Kong Express Airways (HKE) from HNA Group, the Chinese conglomerate.The passenger and cargo giant said that the total consideration comprises of HK$2.25bn in cash and a non-cash component of HK$2.68bn.The transaction ...
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News
Cathay Pacific confirms takeover talks for Hong Kong Express from HNA Group
Cathay Pacific Airways has confirmed that it is "in active discussions" about an acquisition involving the low cost carrier Hong Kong Express Airways (HKE) from HNA Group, the Chinese conglomerate.The Hong Kong-base passenger and freighter airline issued a short statement after media reports suggested that Cathay Pacific was in discussions ...