Swissport airport workers walk across the tarmac at Liverpool John Lennon Airport in northern England, in May, 2016. Photo: ReutersSwissport airport workers walk across the tarmac at Liverpool John Lennon Airport in northern England, in May, 2016. Photo: Reuters
Swissport airport workers walk across the tarmac at Liverpool John Lennon Airport in northern England, in May, 2016. Photo: Reuters

China’s embattled HNA cedes control of baggage handler Swissport to senior creditors in €1.9 billion debt-for-equity swap

  • Hainan-based HNA, which had been trying to sell Swissport since its international expansion unravelled spectacularly, agrees to €1.9 billion of debt to be converted into equity or extinguished
  • Swissport secures €500 million in new long-term facility and €300 million additional interim facility

Topic |   HNA Group
Swissport airport workers walk across the tarmac at Liverpool John Lennon Airport in northern England, in May, 2016. Photo: ReutersSwissport airport workers walk across the tarmac at Liverpool John Lennon Airport in northern England, in May, 2016. Photo: Reuters
Swissport airport workers walk across the tarmac at Liverpool John Lennon Airport in northern England, in May, 2016. Photo: Reuters
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