Tag: HNA Group

HNA’s Africa World Airlines helps the Ghanaian government in the fight against COVID-19

With the spread of COVID-19 worldwide, Africa, the continent with the largest concentration of developing countries, faces severe challenges in terms of funding and shortages of material and equipment needed for epidemic prevention and control. HNA Group's Africa World Airlines (AWA), a Ghana-based...

Aigle Azur to file for bankruptcy

Aigle Azur to file for bankruptcy

French airline Aigle Azur is to file for bankruptcy and enter into receivership due to a recent dispute between shareholders that resulted in "distrust and a deteriorating social climate". The airline said it is also facing financial difficulties, but added its aircraft will continue to fly in t...

HNA Group sells gategroup to RRJ Capital

HNA Group sells gategroup to RRJ Capital

gategroup Holding - the world’s largest provider of airline catering and retail on board - has announced that RRJ Capital has agreed to purchase all outstanding shares in gategroup from Chinese company HNA Group. Upon completion of the transaction, RRJ Capital will become gategroup’s sole sha...

Swissport continues remedies regarding affiliate loan to HNA Group

Swissport continues remedies regarding affiliate loan to HNA Group

Swissport said it continues the temporary remedies standstill regarding the collection of the unpaid balance of its affiliate loan to HNA Group while HNA concludes its assessment of strategic options for Swissport. The remedies standstill was originally agreed in May 2018 and continued in October...

Urumqi Air to take delivery of five ARJ21-700 aircraft

Urumqi Air to take delivery of five ARJ21-700 aircraft

Low-cost Chinese carrier Urumqi Air is to take delivery of five ARJ21-700 aircraft from the Commercial Aircraft Corporation of China Ltd (COMAC) by the end of 2019. The carrier entered into an agreement with COMAC at the 12th China International Aviation & Aerospace Exhibition (Airshow China)...

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