An airplane carrying medics supporting the coronavirus-hit Hubei province receives a water cannon salute as it lands at Chongqing Jiangbei International Airport on March 18, 2020. Photo: Xinhua An airplane carrying medics supporting the coronavirus-hit Hubei province receives a water cannon salute as it lands at Chongqing Jiangbei International Airport on March 18, 2020. Photo: Xinhua
An airplane carrying medics supporting the coronavirus-hit Hubei province receives a water cannon salute as it lands at Chongqing Jiangbei International Airport on March 18, 2020. Photo: Xinhua
Aviation
Business /  Companies

HNA Group’s West Air unit gets breathing space to complete stake sale as creditors defer put option on bonds amid travelling slump

  • Creditors deferred their request for West Air to buy back about 292 million yuan of notes
  • The postponement is a crucial first step in buying time for HNA Group’s transfer of its stake in West Air to a unit of the Chongqing municipal government, according to a financial source

Topic |   Aviation
Iris Ouyang
Iris Ouyang

Updated: 10:56pm, 9 Apr, 2020

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An airplane carrying medics supporting the coronavirus-hit Hubei province receives a water cannon salute as it lands at Chongqing Jiangbei International Airport on March 18, 2020. Photo: Xinhua An airplane carrying medics supporting the coronavirus-hit Hubei province receives a water cannon salute as it lands at Chongqing Jiangbei International Airport on March 18, 2020. Photo: Xinhua
An airplane carrying medics supporting the coronavirus-hit Hubei province receives a water cannon salute as it lands at Chongqing Jiangbei International Airport on March 18, 2020. Photo: Xinhua
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