The insolvent HNA group is to be split into four independent company groups. These could be sold gradually. The Chinese group of companies holds numerous interests in airlines, ground service providers and airports in the aviation sector.
In the future, Aviation, Airports, Financial and Commercial are to appear as four independent groups. These could then be gradually sold to reduce the HNA Group's sizeable mountain of debt. Gu Gang, chairman of the HNA Group, confirmed that the four corporations that will emerge from the conglomerate will be owned by other shareholders in the future.
This initiates the end of the Chinese group of companies, which in Germany, for example, has a stake in Frankfurt-Hahn Airport or is also active at Swissport. In the past, the group has made massive advances in spectacular takeovers, thus accumulating a considerable mountain of debt. At some point this could no longer be used and therefore had to file for bankruptcy. Now the breaking up follows.
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