The heavily indebted HNA group had to file for bankruptcy in China. The effects on Frankfurt-Hahn Airport and other investments are still unclear. The group of companies also includes the airline Hainan.
In the last few years, HNA went on a worldwide shopping spree, which was financed primarily with loans. At some point the Chinese government became suspicious of the mountain of debt, so it was decreed that no further loans could be granted in China. Then they started selling silverware like Swissport.
According to reports, creditors have now pushed for insolvency proceedings to be opened against the HNA Group. The group announced that it wants to "ensure the smooth progress of corporate production in the interests of the creditors and in accordance with the law". No further comment has yet been made on the current development.
In Germany, HNA owns 82,5 percent of Frankfurt Hahn Airport. It is currently unclear what effects the bankruptcy of the Chinese majority owner will have on the deficit Regio-Airport. The group of companies from China is said to be over-indebted with around 9,6 billion euros.