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HNA Group's years of debt-fuelled acquisitions end in shambles | Analysis

In operation Underwent voluntary administration in 2020; now operating under new owners One of its first major aviation acquisitions happened in 2006, when it ventured into neighbouring Hong Kong to buy up shares in what was then known as CR Airways. HNA Group ended up taking around 60% of the carrier, and it was renamed Hong Kong Airlines. The strategy was to expand its presence in Hong Kong, connecting the city with points in China and beyond.  The same year, HNA Group also acquired shares in Hong Kong Express, which was operating a small fleet of regional jets. The new ownership paved the way for it to be rebranded as a low-cost carrier – and sister unit to Hong Kong Airlines. 

Lessors take stock as HNA creditors seek its bankruptcy

By Cirium2021-02-02T01:23:00+00:00 News that HNA Group creditors will seek to put the conglomerate into bankruptcy and reorganise it did not come as a surprise to some lessors, who had been anticipating such an announcement around the Chinese New Year. “It’s no surprise, really, although most people were half-hoping for a government bailout,” one lessor with exposure told Cirium hours after the story broke on 29 January. Source: HNA Group HNA Group’s creditors have sought to put the conglomerate into bankruptcy. Lessors, who are already swamped with multiple airline restructurings in Asia-Pacific, may now have yet another bankruptcy to deal with, this time one which would impact about a dozen airlines.