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Hainan Airlines core biz transferred to investor--China Economic Net

Hainan Airlines core biz transferred to investor--China Economic Net
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Hainan Airlines core biz transferred to investor

China's fourth-largest carrier Hainan Airlines announced on Wednesday that it has transferred its core aviation business to Liaoning Fangda Group Industrial Co Ltd, its strategic investor, as the carrier's parent company HNA Group is in the process of going through bankruptcy and restructuring proceedings.

Hainan Airlines core biz transferred to investor

China's fourth-largest carrier Hainan Airlines announced on Wednesday that it has transferred its core aviation business to Liaoning Fangda Group Industrial Co Ltd, its strategic investor, as the carrier's parent company HNA Group is in the process of going through bankruptcy and restructuring proceedings.

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