Representatives of China's Hainan Airlines Group (HNA Group) and French airline Aigle Azur sign agreement in Paris, France, Oct. 23, 2012. Photo: Xinhua Representatives of China's Hainan Airlines Group (HNA Group) and French airline Aigle Azur sign agreement in Paris, France, Oct. 23, 2012. Photo: Xinhua
Representatives of China's Hainan Airlines Group (HNA Group) and French airline Aigle Azur sign agreement in Paris, France, Oct. 23, 2012. Photo: Xinhua
Doug Young
Opinion

Opinion

Doug Young

HNA Group spreads wings to France

HNA's purchase of a stake in a French airline is part of a well-conceived broader strategy of targeting assets that provide good synergies and potential for strong longer-term returns.

Representatives of China's Hainan Airlines Group (HNA Group) and French airline Aigle Azur sign agreement in Paris, France, Oct. 23, 2012. Photo: Xinhua Representatives of China's Hainan Airlines Group (HNA Group) and French airline Aigle Azur sign agreement in Paris, France, Oct. 23, 2012. Photo: Xinhua
Representatives of China's Hainan Airlines Group (HNA Group) and French airline Aigle Azur sign agreement in Paris, France, Oct. 23, 2012. Photo: Xinhua
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Doug Young

Doug Young

Doug Young has lived and worked in China for 15 years, much of that as a journalist for Reuters writing about Chinese companies. He currently lives in Shanghai where he teaches financial journalism at Fudan University. He writes daily on his blog, Young’s China Business Blog (www.youngchinabiz.com), commenting on the latest developments at Chinese companies listed in the US, China and Hong Kong. He is also author of a new book about the media in China, “The Party Line: How the Media Dictates Public Opinion in Modern China.”