TOPIC

/ company

HNA Group

HNA Group is primarily an aviation services company that also has business that spans investment management, tourism development and other industries.

Chairman / President

Gu Gang

CEO / Managing Director

Gu Gang

CFO / Finance Director

Meng Yongtao

Industry

Aerospace & Defence

Website

hnagroup.com

Headquarters address

4 Tianzhi Street, Haikou, Hainan, China

Year founded

2000

Financial crime

Chen Feng, founder of Chinese conglomerate HNA, sentenced to 12 years in prison

The 72-year-old businessman was charged with harming the interests of a listed company, among other issues.

18 Jul 2025 - 12:29AM

Hong Kong transport

Exclusive | Hong Kong Airlines to open routes to Urumqi, Melbourne after resolving debt woes

3 Jun 2025 - 2:50PM

Hong Kong transport

Hong Kong Airlines to return to North America next year with Vancouver route

21 Nov 2024 - 7:56PM

China property

Hong Kong court adjourns winding-up trial of HNA Group by 6 weeks

Two separate lawsuits were filed earlier this year against the investment arm of HNA Group, which defaulted on a US$200 million bond in 2021.

3 Jul 2024 - 2:43PM

HNA Group was one of China’s largest privately owned conglomerates before its collapsed in 2020. Photo: Reuters

Hong Kong economy

Hong Kong Airlines launches new route to Xining in Qinghai province

From July 9, carrier will offer two weekly flights to mainland Chinese city that was added to Hong Kong’s solo traveller scheme in May.

28 Jun 2024 - 8:38PM

Hainan

HNA arm Bohai to soon start US$5 billion sale of container lessor Seaco: sources

Bohai Leasing, a Shenzhen-listed arm of failed Chinese conglomerate HNA Group, is kicking off the sale of its container leasing business Seaco, sources say.

8 Feb 2024 - 10:34AM

Hong Kong tourism

Hong Kong Airlines to launch weekend giveaway of tickets

Hong Kong Airlines says popular destinations Japan and Thailand already back to pre-coronavirus levels as it launches ticket giveaway.

25 Aug 2023 - 8:02PM

Aviation

HNA buys 100 planes from Comac, giving China’s builder a leg up

The procurement is a boost for Comac in helping China to fulfil President Xi Jinping’s aspiration to challenge the dominance of Boeing and Airbus in the home or even the global market.

28 Apr 2023 - 3:30PM

Hong Kong Airlines

Hong Kong Airlines’ US$6.2 billion debt restructuring approved by creditors

Hong Kong Airlines’ debt restructuring plan has been approved by creditors, the Post has learned, removing a key hurdle for the carrier to tackle US$6.2 billion of liabilities.

5 Dec 2022 - 4:00PM

Banking & finance

Hong Kong Airlines to face its fate in UK debt workout plan hearing

Hong Kong Airlines is set to face a second hearing next month on its US$6.2 billion debt restructuring in a British court, as bondholders plan to vote against the proposal.

27 Oct 2022 - 1:01PM

A Hong Kong Airlines A320 passenger aircraft on the tarmac with its jet engines removed, at the Hong Kong International Airport. Photo: Winson Wong

Hong Kong property

House on The Peak owned by bankrupt HNA sells at a loss of US$15 million

House 6 at Twelve Peaks was sold to Guo Deying, who shares the same name as the founder of Coolpad Group, for HK$387 million.

26 Jan 2022 - 8:01PMvideocam

The price of the villa was 23.5 per cent lower than the purchase price of HK$506 million paid by the original buyer in 2015. Photo: Edmond So

Hong Kong land sale

Hong Kong developers hunt for bargains as China firms fall on hard times

The tide has turned on Chinese asset buyers and their grab for land in Hong Kong, after a regulatory crackdown on leveraged acquisitions by Chinese regulators in 2017.

11 Dec 2021 - 9:30PM

Banking & finance

Hainan Airlines to raise US$7.9 billion via stock sale to cut debt

The stock issue is the latest step in China’s efforts to unravel HNA’s US$309 billion of debt after the group’s rapid borrowing-fueled expansion.

1 Dec 2021 - 5:41PM

Retailing

LVMH mulls first Louis Vuitton duty-free store in China in strategy shift

French luxury group is considering opening its first Louis Vuitton duty-free store in China in Hainan in a move that would mark a strategy shift, according to two sources.

12 Nov 2021 - 10:52PMvideocam

People seen outside a Louis Vuitton store on the Champs Elysees Avenue in Paris on May 11, 2020. Photo: Xinhua

Hainan

HNA’s creditors get the go-ahead to sell global assets to repay debt

HNA Group, founded by Chen Feng around Hainan Airlines, grew into one of China’s largest private conglomerates and biggest offshore asset buyers over two decades.

1 Nov 2021 - 10:25PM

Hainan

HNA’s founder Chen Feng, chief executive Adam Tan detained

The detentions bring the curtains down on HNA, built on the foundations of China’s most successful private carrier Hainan Airlines.

24 Sep 2021 - 11:38PM

Aviation

HNA to be split into four as group’s restructuring enters final stretch

HNA will be split into four independently run businesses: aviation, airport, financial and commercial, says executive chairman Gu Gang, who is leading the group’s revamp.

20 Sep 2021 - 10:59PM

Dealing with debt

Debt-laden Chinese conglomerate finds investors for airline, airport businesses

Liaoning Fangda will be the strategic investor for the group’s flagship HNA Airlines while Hainan Development Holdings will invest in HNA Infrastructure.

12 Sep 2021 - 9:34PM

Travellers wearing face masks wait in line at Hainan Airlines’ check-in counters at Beijing international airport in March last year. Photo: AP Photo

Hong Kong property

Creditors put HNA’s US$56 million Hong Kong penthouse up for sale

The flat was previously owned by Billion Able, which had HNA chairman Chen Feng as its director. The firm bought it in 2015 for US$55.6 million.

19 Aug 2021 - 9:49PM

Aviation

HNA bankruptcy restructuring is postponed amid state airlines’ absence

Embattled Chinese conglomerate HNA Group will delay the submission of a proposal for its restructuring, as China’s state-owned carriers have steered clear of bailing out the country’s biggest private-sector carrier, according to sources familiar with the matter.

10 Aug 2021 - 10:23PMvideocam

Dealing with debt

HNA faces US$187 billion in claims from 67,400 creditors

HNA, whose flagship business is Hainan Airlines, used a US$50 billion debt-fuelled acquisition spree to build an empire that included stakes in businesses from Deutsche Bank to Hilton Worldwide

4 Jun 2021 - 10:58PM

A Hainan Airlines aircraft sits on the tarmac in Beijing on May 13, 2018. Photo: Reuters

Fosun Group

Fosun unit Yuyuan sets up US$6.4 billion firm to invest in airlines

Yuyuan’s shares rose by the daily limit of 10 per cent to 13.08 yuan on Thursday amid speculation that its aviation investment company would target Hainan Airlines.

20 May 2021 - 6:00PM

Shops operated by Yuyuan in downtown Shanghai. The new entity will be called Yuyuan Aviation Industry Limited Partnership, according to its filing on Thursday. Photo: Getty Images

A-shares

HNA airline unit posts biggest-ever loss for a listed Chinese company

Hit by the outbreak of Covid-19 and provisions for asset losses linked to a restructuring at its parent firm, the Haikou-based carrier reported a loss of 64 billion yuan (US$9.9 billion) for 2020

30 Apr 2021 - 4:16PM

Aviation

Hainan Airlines slumps after it warns loss could reach US$10.06 billion

Hainan Airlines Holding sheds as much as 9.8 per cent in Shanghai, with other HNA Group entities also falling after parent’s bankruptcy restructuring.

1 Feb 2021 - 4:05PM

Aviation

HNA’s woes mount as three units disclose embezzlements of US$10 billion

Shareholders and other related parties had embezzled 61.5 billion yuan, Hainan Airlines Holding, HNA Infrastructure Investment and CCOOP Group said.

31 Jan 2021 - 6:21PM

HNA had 706.7 billion yuan (US$110 billion) in debt at the end of June 2019. Photo: Reuters

Hainan

HNA Group’s chief rallies staff after company’s bankruptcy workout

The rallying cry by the leader of HNA Group, appointed in February 2020 by regulators and the Hainan provincial government to lead the company’s debt workout, comes a day after one of China’s largest private conglomerates received a court petition to undergo bankruptcy restructuring.

30 Jan 2021 - 4:27PM

Travellers wearing face masks to protect against the spread of the coronavirus wait in line at the Hainan Airlines check-in counters at Beijing Capital International Airport in Beijing on March 6, 2020. Photo: AP

Banking & finance

HNA Group enters bankruptcy restructuring as it buckles under debt

HNA Group’s acquisition spree came to an end in 2017 when China’s financial regulators, fearful of risks to the banking industry, cracked down on the debt-fed binge.

29 Jan 2021 - 11:22PM

Hainan

Chen Feng is missing from HNA Group’s key decision-making body

The omission is a dramatic exit by an entrepreneur whose global shopping spree of everything banks to hotels totalled at least 1 trillion yuan (US$154.8 billion) of assets as recently as in 2017, fuelling his ambition to make it among the Fortune 100 list of the world’s largest companies by assets.

27 Jan 2021 - 11:00PM

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HNA Group

Chen Feng, founder of Chinese conglomerate HNA, sentenced to 12 years in prison

The 72-year-old businessman was charged with harming the interests of a listed company, among other issues.

.css-sioo19{color:#c79a00;}Exclusive | Hong Kong Airlines to open routes to Urumqi, Melbourne after resolving debt woes

Hong Kong Airlines to return to North America next year with Vancouver route

Hong Kong court adjourns winding-up trial of HNA Group by 6 weeks

Two separate lawsuits were filed earlier this year against the investment arm of HNA Group, which defaulted on a US$200 million bond in 2021.

Hong Kong Airlines launches new route to Xining in Qinghai province

From July 9, carrier will offer two weekly flights to mainland Chinese city that was added to Hong Kong’s solo traveller scheme in May.

HNA arm Bohai to soon start US$5 billion sale of container lessor Seaco: sources

Bohai Leasing, a Shenzhen-listed arm of failed Chinese conglomerate HNA Group, is kicking off the sale of its container leasing business Seaco, sources say.

Hong Kong Airlines to launch weekend giveaway of tickets

Hong Kong Airlines says popular destinations Japan and Thailand already back to pre-coronavirus levels as it launches ticket giveaway.

HNA buys 100 planes from Comac, giving China’s builder a leg up

The procurement is a boost for Comac in helping China to fulfil President Xi Jinping’s aspiration to challenge the dominance of Boeing and Airbus in the home or even the global market.

Hong Kong Airlines’ US$6.2 billion debt restructuring approved by creditors

Hong Kong Airlines’ debt restructuring plan has been approved by creditors, the Post has learned, removing a key hurdle for the carrier to tackle US$6.2 billion of liabilities.

Hong Kong Airlines to face its fate in UK debt workout plan hearing

Hong Kong Airlines is set to face a second hearing next month on its US$6.2 billion debt restructuring in a British court, as bondholders plan to vote against the proposal.

House on The Peak owned by bankrupt HNA sells at a loss of US$15 million

House 6 at Twelve Peaks was sold to Guo Deying, who shares the same name as the founder of Coolpad Group, for HK$387 million.

Hong Kong developers hunt for bargains as China firms fall on hard times

The tide has turned on Chinese asset buyers and their grab for land in Hong Kong, after a regulatory crackdown on leveraged acquisitions by Chinese regulators in 2017.

Hainan Airlines to raise US$7.9 billion via stock sale to cut debt

The stock issue is the latest step in China’s efforts to unravel HNA’s US$309 billion of debt after the group’s rapid borrowing-fueled expansion.

LVMH mulls first Louis Vuitton duty-free store in China in strategy shift

French luxury group is considering opening its first Louis Vuitton duty-free store in China in Hainan in a move that would mark a strategy shift, according to two sources.

HNA’s creditors get the go-ahead to sell global assets to repay debt

HNA Group, founded by Chen Feng around Hainan Airlines, grew into one of China’s largest private conglomerates and biggest offshore asset buyers over two decades.

HNA’s founder Chen Feng, chief executive Adam Tan detained

The detentions bring the curtains down on HNA, built on the foundations of China’s most successful private carrier Hainan Airlines.

HNA to be split into four as group’s restructuring enters final stretch

HNA will be split into four independently run businesses: aviation, airport, financial and commercial, says executive chairman Gu Gang, who is leading the group’s revamp.

Debt-laden Chinese conglomerate finds investors for airline, airport businesses

Liaoning Fangda will be the strategic investor for the group’s flagship HNA Airlines while Hainan Development Holdings will invest in HNA Infrastructure.

Creditors put HNA’s US$56 million Hong Kong penthouse up for sale

The flat was previously owned by Billion Able, which had HNA chairman Chen Feng as its director. The firm bought it in 2015 for US$55.6 million.

HNA bankruptcy restructuring is postponed amid state airlines’ absence

Embattled Chinese conglomerate HNA Group will delay the submission of a proposal for its restructuring, as China’s state-owned carriers have steered clear of bailing out the country’s biggest private-sector carrier, according to sources familiar with the matter.

HNA faces US$187 billion in claims from 67,400 creditors

HNA, whose flagship business is Hainan Airlines, used a US$50 billion debt-fuelled acquisition spree to build an empire that included stakes in businesses from Deutsche Bank to Hilton Worldwide

Fosun unit Yuyuan sets up US$6.4 billion firm to invest in airlines

Yuyuan’s shares rose by the daily limit of 10 per cent to 13.08 yuan on Thursday amid speculation that its aviation investment company would target Hainan Airlines.

HNA airline unit posts biggest-ever loss for a listed Chinese company

Hit by the outbreak of Covid-19 and provisions for asset losses linked to a restructuring at its parent firm, the Haikou-based carrier reported a loss of 64 billion yuan (US$9.9 billion) for 2020

Hainan Airlines slumps after it warns loss could reach US$10.06 billion

Hainan Airlines Holding sheds as much as 9.8 per cent in Shanghai, with other HNA Group entities also falling after parent’s bankruptcy restructuring.

HNA’s woes mount as three units disclose embezzlements of US$10 billion

Shareholders and other related parties had embezzled 61.5 billion yuan, Hainan Airlines Holding, HNA Infrastructure Investment and CCOOP Group said.

HNA Group’s chief rallies staff after company’s bankruptcy workout

The rallying cry by the leader of HNA Group, appointed in February 2020 by regulators and the Hainan provincial government to lead the company’s debt workout, comes a day after one of China’s largest private conglomerates received a court petition to undergo bankruptcy restructuring.

HNA Group enters bankruptcy restructuring as it buckles under debt

HNA Group’s acquisition spree came to an end in 2017 when China’s financial regulators, fearful of risks to the banking industry, cracked down on the debt-fed binge.

Chen Feng is missing from HNA Group’s key decision-making body

Exclusive | Hong Kong Airlines to open routes to Urumqi, Melbourne after resolving debt woes