Asia-Pacific Aerospace Briefs Today
September 28th 2021
HNA Group’s Hainan Airlines will receive US$5.9 billion in strategic investment, according to sources quoted by Reuters. The sources said the investment was disclosed by the leader of the government-led working group addressing HNA’s liquidity issues, Gu Gang, during a creditor meeting on yesterday. Read More »
Rolls-Royce has signed a definitive agreement to sell 100% of engine manufacturer, ITP Aero, for approximately €1.7bn to Bain Capital Private Equity, which is leading a buyer consortium of Spanish and Basque companies that include SAPA and JB Capital. The agreement is a key element of Rolls-Royce’s disposal program to rebuild its balance sheet and support an medium-term ambition to return to an investment-grade credit profile.
