Financial woes build for HNA Group, forcing sale of subsidiaries and property

October 10, 2018 Alex Lennane

Financial problems at Chinese conglomerate HNA Group appear to be cascading through its logistics subsidiaries – and airline suppliers.
As it was reported that the group had put $11bn in property assets up for sale, subsidiary Swissport said it had extended its loan terms to its parent company.
HNA has repaid €83m of its €360m loan from Swissport, but the terms of repayment have now been extended for an unspecified period.
And Swissport is not the ...

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