HNA in advanced talks to sell Swissport to Brookfield

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Debt-laden HNA Group’s efforts to shift air cargo handler Swissport from its books appear to have moved forward. Bloomberg, citing “people familiar” with the matter, claims Canadian asset manager Brookfield has emerged as the preferred bidder. Should the deal go ahead, Bloomberg says, this would be the Chinese conglomerate’s biggest disposal since unloading Hilton Worldwide in April. Alongside handling services, Swissport also provides ticketing, cabin cleaning and aircraft maintenance. The report suggests the deal could amount to as much as $3bn.