Hainan Airlines Forced Into Bankruptcy
Hainan Airlines Bankruptcy Bottom Line Hainan Airlines, and its parent the HNA Group, have been forced into bankruptcy proceedings by their creditors. The Hainan Airlines bankruptcy will be overseen by the bankruptcy court in Hainan Province. The Court in the southern province where Hainan Airlines is headquartered will begin the process to force a restructuring of the company moving forward. This a last-ditch effort to save the once-booming conglomerate. HNA Group History The HNA Group was one of China’s largest conglomerates. They started off humbly, with Hainan Airlines. The company expanded both their Hainan Airlines holding, by adding...
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