News
HNA Group share price lifts after bankruptcy reorganisation announced
February 1st 2021
Chinese conglomerate and airline owner, HNA Group, has received a notice from a Hainan court that creditors had sought bankruptcy and reorganisation of the company due to an inability to meet its debt commitments. Read More » HNA Group carriers include Beijing Capital Airlines, Hainan Airlines and Hong Kong Airlines, among others. The company said it would cooperate with the court process. HNA Group co-founder, Chen Feng, who has been excluded from decision-making at the group, has been banned from air and fast train travel by Beijing since last September.
