Airline News
China Southern plans $300 million bond issuance, HNA plots Starwood acquisition
October 30th 2015
Guangzhou-based China Southern Airlines is seeking up to 19 billion yuan ($2.99 billion), via private placement, to retire debt and support the carrier’s development, it announced last Monday. Read More »
Meanwhile, the HNA Group and two other Mainland firms are competing to win Beijing's approval to bid for Starwood Hotels & Resorts, according to people with knowledge of the discussions, setting the stage for the largest-ever Chinese takeover of a U.S. company, the Wall Street Journal said.
Meanwhile, HNA Group, the parent of Hainan Airlines, is rumoured to be in talks with Manchester Airport to acquire a majority stake in the facility. Such an acquisition would not be surprising, given HNA in July bought Swissport International for $2.81 billion, purchased the Reuters Building in London in August and last month agreed to take full control of aircraft lessor, Avolon Holdings, for $7.6 billion. To cap it off, the conglomerate signed a $2.4 billion deal with Rolls-Royce for engines and services last week.
