A Hainan Airlines aircraft on the tarmac at the Beijing airport on May 13, 2018. Photo: Reuters
A Hainan Airlines aircraft on the tarmac at the Beijing airport on May 13, 2018. Photo: Reuters
HNA Group
Business /  Banking & Finance

Hainan Airlines plans to raise US$7.9 billion via a stock sale to slash debt

  • Most new stock will be gifted to creditors of the carrier
  • Share issue latest step in efforts to restructure HNA assets

Bloomberg
Bloomberg

Updated: 5:41pm, 1 Dec, 2021

Why you can trust SCMP
A Hainan Airlines aircraft on the tarmac at the Beijing airport on May 13, 2018. Photo: Reuters
A Hainan Airlines aircraft on the tarmac at the Beijing airport on May 13, 2018. Photo: Reuters
READ FULL ARTICLE