HNA Keeps Airlines Flying While Milking Their Cash

BEIJING—The HNA Group, struggling with debt, is forcing aviation subsidiaries to yield cash, but will not go as far as to imperil their generally healthy operations, industry sources familiar with the group said. HNA airlines in mainland China—and at least some elsewhere—are indeed in arrears, and...
Bradley Perrett

Bradley Perrett covered China, Japan, South Korea and Australia. He is a Mandarin-speaking Australian.

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