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HNA Aviation Group has been granted its first major bank loan after restructuring
April 23rd 2026
HNA Aviation Group has secured a syndicated loan of more than CNY10 billion (USD1.5 billion) from 18 banks, its first major loan support since completing bankruptcy reorganization four years ago, the Chinese media reported. Read More » HNA signed the loan agreement with the 18 banks on April 13 at the sixth China International Consumer Products Expo. The lending group included two policy banks - the Export-Import Bank of China and China Development Bank - as well as six state-owned banks, eight national commercial banks, and two Hainan-based local banks. HNA’s restructuring was completed in April 2022 after Fangda Group Industrial invested CNY38 billion (USD5.6 billion) as the reorganization investor. Since the restructuring, the company has refocused on its core passenger and cargo air transport business and divested non-core assets. Hainan Airlines Holding, HNA’s core listed unit, forecast in January that net profit for 2025 would be between CNY1.8 billion and CNY2.2 billion (USD264 million to USD322.7 million), compared with a net loss of CNY921 million (USD135.1 million) in 2024.
