HNA Group and related companies approve restructuring plan

24 October, 2021

HNA Group, via its official WeChat account, announced (23-Oct-2021) the group and its related companies have voted to approve the company's restructuring plan. A court in Hainan announced the approval of the plan in accordance with bankruptcy laws. The plan said 320 HNA related companies will be integrated into HNA's bankruptcy reorganisation. As previously reported by CAPA, head of HNA's joint working group Gu Gang said in Sep-2021 that the group will be split into four independently operated sectors after restructuring: aviation, airport, financial and commercial. [more - original PR - Chinese] [more - original PR - Hainan Airlines - Chinese]