HNA Group’s logo on its corporate head office building in Beijing on February 2016. Photo: Agence-France PresseHNA Group’s logo on its corporate head office building in Beijing on February 2016. Photo: Agence-France Presse
HNA Group’s logo on its corporate head office building in Beijing on February 2016. Photo: Agence-France Presse

China’s government is poised to take over HNA Group as coronavirus outbreak grounds airline fleet, scuppers business

  • The provincial government of Hainan in southern China, where HNA Group is based, is in talks to seize control of the group, according to people familiar with the plans
  • Under the plan, China would sell the bulk of HNA’s airline assets to the country’s three biggest carriers – Air China, China Southern Airlines and China Eastern Airlines

Topic |   China economy
HNA Group’s logo on its corporate head office building in Beijing on February 2016. Photo: Agence-France PresseHNA Group’s logo on its corporate head office building in Beijing on February 2016. Photo: Agence-France Presse
HNA Group’s logo on its corporate head office building in Beijing on February 2016. Photo: Agence-France Presse
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