Web26 feb 2024 · The bankruptcy of former high-flying conglomerate HNA Group Co. Ltd. will wipe out the equity of its founders and major shareholders in the sprawling enterprise that at its peak counted 1.2 trillion yuan ($171 billion) of assets. But who actually owns the conglomerate has never been transparent. WebHNA has $27.5bn worth of outstanding bonds in various currencies and another $20bn in loans, according to data compiled by Dealogic. While airline bankruptcies are not uncommon, particularly given the challenges the aviation industry has faced over the last 12 months due to the COVID-19 pandemic, this is the first big airline bankruptcy in China.
CX Daily: Who Are the Losers in the HNA Bankruptcy?
Web29 gen 2024 · The parent company of Hainan Airlines, the HNA Group, has reportedly gone bankrupt. The Hainan Provincial higher People’s Court has issued a notice stating that creditors have applied for the group’s bankruptcy as they cannot pay off their due debt. Web31 gen 2024 · Shares in listed companies linked to HNA slumped on Monday, after the troubled conglomerate disclosed that its creditors had applied for its bankruptcy and that nearly $10 billion had been... bone hair neck
Debt-ridden Chinese conglomerate HNA Group resolves risks after …
WebHONG KONG -- China's embattled HNA Group revealed on Thursday that it owes $170 billion to creditors, marking a turning point in the government-led restructuring of one of … Web19 ott 2024 · Tens of thousands of Chinese creditors owed money by Hainan-headquartered HNA have until Wednesday to vote on a proposal to revamp 321 group companies into four new entities, which would hand ... Web29 gen 2024 · One of China's largest conglomerates, HNA Group, on Friday announced bankruptcy and restructuring after a multi-year debt and liquidity crisis, according to the … bone hairpin ffxi