Business
HNA Bankruptcy & Restructuring – What’s The Latest? – Simple Flying
One of China’s best-known companies has its back against the financial wall. The HNA Group is a big…
One of China’s best-known companies has its back against the financial wall. The HNA Group is a big name in the airline industry, having grown out of Hainan Airlines. But now, the once big-time conglomerate has entered into bankruptcy amid spectacular claims of multi-billion dollar embezzlement and misappropriation.
HNA Group, the owner of Hainan Airlines, is facing bankruptcy and claims of embezzling funds. Photo: Getty Images
The HNA Group owes around US$110 billion
In late January, the HNA Group…
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