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CX Daily: HNA Group’s Final Crisis A restructuring plan aims to repay HNA Group creditors within five to eight years. Bankruptcy restructuring / The final crisis for China’s formerly high-flying HNA Group Co. Ltd. began unfolding two weeks before the Lunar New Year holidays. Creditors of HNA and its three core listed companies petitioned a court to order a bankruptcy restructuring after the giant conglomerate failed to repay trillions of yuan in debts. The reorganization may involve as many as 500 companies in a sprawling enterprise that at its peak tallied 1.2 trillion yuan ($171 billion) of assets. A government-appointed working team and auditors are sifting through a mountain of papers to unravel a tangle of debt and assets at HNA Group and its hundreds of subsidiaries and affiliates. After countless meetings with creditors, the central bank, the securities regulator, the aviation regulator and other government departments, all key parties agreed to a restructuring

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