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HNA Group
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Hong Kong transport
Hong Kong Airlines to return to North America next year with Vancouver route
Chairman Yan Bo says service will be back on January 18 as part of ‘transformation’ from regional carrier into international airline.
21 Nov 2024 - 7:56PM
China property
Hong Kong court adjourns winding-up trial of HNA Group by 6 weeks
3 Jul 2024 - 2:43PM
Hong Kong economy
Hong Kong Airlines launches new route to Xining in Qinghai province
28 Jun 2024 - 8:38PM
Hainan
HNA arm Bohai to soon start US$5 billion sale of container lessor Seaco: sources
Bohai Leasing, a Shenzhen-listed arm of failed Chinese conglomerate HNA Group, is kicking off the sale of its container leasing business Seaco, sources say.
8 Feb 2024 - 10:34AM
Hong Kong tourism
Hong Kong Airlines to launch weekend giveaway of tickets
Hong Kong Airlines says popular destinations Japan and Thailand already back to pre-coronavirus levels as it launches ticket giveaway.
25 Aug 2023 - 8:02PM
Aviation
HNA buys 100 planes from Comac, giving China’s builder a leg up
The procurement is a boost for Comac in helping China to fulfil President Xi Jinping’s aspiration to challenge the dominance of Boeing and Airbus in the home or even the global market.
28 Apr 2023 - 3:30PM
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Hong Kong Airlines
Hong Kong Airlines’ US$6.2 billion debt restructuring approved by creditors
Hong Kong Airlines’ debt restructuring plan has been approved by creditors, the Post has learned, removing a key hurdle for the carrier to tackle US$6.2 billion of liabilities.
5 Dec 2022 - 4:00PM
Banking & finance
Hong Kong Airlines to face its fate in UK debt workout plan hearing
Hong Kong Airlines is set to face a second hearing next month on its US$6.2 billion debt restructuring in a British court, as bondholders plan to vote against the proposal.
27 Oct 2022 - 1:01PM
Hong Kong property
House on The Peak owned by bankrupt HNA sells at a loss of US$15 million
House 6 at Twelve Peaks was sold to Guo Deying, who shares the same name as the founder of Coolpad Group, for HK$387 million.
26 Jan 2022 - 8:01PM
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Hong Kong land sale
Hong Kong developers hunt for bargains as China firms fall on hard times
The tide has turned on Chinese asset buyers and their grab for land in Hong Kong, after a regulatory crackdown on leveraged acquisitions by Chinese regulators in 2017.
11 Dec 2021 - 9:30PM
Banking & finance
Hainan Airlines to raise US$7.9 billion via stock sale to cut debt
The stock issue is the latest step in China’s efforts to unravel HNA’s US$309 billion of debt after the group’s rapid borrowing-fueled expansion.
1 Dec 2021 - 5:41PM
Retailing
LVMH mulls first Louis Vuitton duty-free store in China in strategy shift
French luxury group is considering opening its first Louis Vuitton duty-free store in China in Hainan in a move that would mark a strategy shift, according to two sources.
12 Nov 2021 - 10:52PM
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Hainan
HNA’s creditors get the go-ahead to sell global assets to repay debt
HNA Group, founded by Chen Feng around Hainan Airlines, grew into one of China’s largest private conglomerates and biggest offshore asset buyers over two decades.
1 Nov 2021 - 10:25PM
Hainan
HNA’s founder Chen Feng, chief executive Adam Tan detained
The detentions bring the curtains down on HNA, built on the foundations of China’s most successful private carrier Hainan Airlines.
24 Sep 2021 - 11:38PM
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Aviation
HNA to be split into four as group’s restructuring enters final stretch
HNA will be split into four independently run businesses: aviation, airport, financial and commercial, says executive chairman Gu Gang, who is leading the group’s revamp.
20 Sep 2021 - 10:59PM
Dealing with debt
Debt-laden Chinese conglomerate finds investors for airline, airport businesses
Liaoning Fangda will be the strategic investor for the group’s flagship HNA Airlines while Hainan Development Holdings will invest in HNA Infrastructure.
12 Sep 2021 - 9:34PM
Hong Kong property
Creditors put HNA’s US$56 million Hong Kong penthouse up for sale
The flat was previously owned by Billion Able, which had HNA chairman Chen Feng as its director. The firm bought it in 2015 for US$55.6 million.
19 Aug 2021 - 9:49PM
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Aviation
HNA bankruptcy restructuring is postponed amid state airlines’ absence
Embattled Chinese conglomerate HNA Group will delay the submission of a proposal for its restructuring, as China’s state-owned carriers have steered clear of bailing out the country’s biggest private-sector carrier, according to sources familiar with the matter.
10 Aug 2021 - 10:23PM
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Dealing with debt
HNA faces US$187 billion in claims from 67,400 creditors
HNA, whose flagship business is Hainan Airlines, used a US$50 billion debt-fuelled acquisition spree to build an empire that included stakes in businesses from Deutsche Bank to Hilton Worldwide
4 Jun 2021 - 10:58PM
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Fosun Group
Fosun unit Yuyuan sets up US$6.4 billion firm to invest in airlines
Yuyuan’s shares rose by the daily limit of 10 per cent to 13.08 yuan on Thursday amid speculation that its aviation investment company would target Hainan Airlines.
20 May 2021 - 6:00PM
A-shares
HNA airline unit posts biggest-ever loss for a listed Chinese company
Hit by the outbreak of Covid-19 and provisions for asset losses linked to a restructuring at its parent firm, the Haikou-based carrier reported a loss of 64 billion yuan (US$9.9 billion) for 2020
30 Apr 2021 - 4:16PM
Aviation
Hainan Airlines slumps after it warns loss could reach US$10.06 billion
Hainan Airlines Holding sheds as much as 9.8 per cent in Shanghai, with other HNA Group entities also falling after parent’s bankruptcy restructuring.
1 Feb 2021 - 4:05PM
Aviation
HNA’s woes mount as three units disclose embezzlements of US$10 billion
Shareholders and other related parties had embezzled 61.5 billion yuan, Hainan Airlines Holding, HNA Infrastructure Investment and CCOOP Group said.
31 Jan 2021 - 6:21PM
Hainan
HNA Group’s chief rallies staff after company’s bankruptcy workout
The rallying cry by the leader of HNA Group, appointed in February 2020 by regulators and the Hainan provincial government to lead the company’s debt workout, comes a day after one of China’s largest private conglomerates received a court petition to undergo bankruptcy restructuring.
30 Jan 2021 - 4:27PM
Banking & finance
HNA Group enters bankruptcy restructuring as it buckles under debt
HNA Group’s acquisition spree came to an end in 2017 when China’s financial regulators, fearful of risks to the banking industry, cracked down on the debt-fed binge.
29 Jan 2021 - 11:22PM
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Hainan
Chen Feng is missing from HNA Group’s key decision-making body
The omission is a dramatic exit by an entrepreneur whose global shopping spree of everything banks to hotels totalled at least 1 trillion yuan (US$154.8 billion) of assets as recently as in 2017, fuelling his ambition to make it among the Fortune 100 list of the world’s largest companies by assets.
27 Jan 2021 - 11:00PM
Hong Kong aviation
Hong Kong Airlines to axe 250 flight attendants in new pandemic-related cuts
City’s third largest carrier tells staff that extended grounding of planes during pandemic forced a rethink of staffing levels.
11 Dec 2020 - 11:41PM
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Mergers & Acquisitions
Platinum Equity closes in on US$7 billion deal for HNA’s Ingram
At US$7 billion, the sale would be the biggest asset disposal by a Chinese company to a buyer outside the country in the year to date, according to data compiled by Bloomberg.
9 Dec 2020 - 8:45PM
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HNA Group
HNA Group is primarily an aviation services company that also has business that spans investment management, tourism development and other industries.
SHOW FULL PROFILE
Chairman / President
Gu Gang
CEO / Managing Director
Gu Gang
CFO / Finance Director
Meng Yongtao
Industry
Aerospace & Defence
Website
hnagroup.com
Headquarters address
4 Tianzhi Street, Haikou, Hainan, China
Year founded
2000
last updated:
30 September, 2024
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