News / HNA Group bankrupt? Swissport sale may be back on the agenda

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By Alex Lennane

20/02/2020

The Chinese government looks set to take over HNA Group, according to various media reports, shedding further doubt over Swissport’s future.

HNA has reportedly been hit hard by the impact of coronavirus and is struggling to meet its financial obligations. As a result, the government of Hainan, where the group is based, plans to take it over and sell its airline assets to the three major Chinese carriers: Air China, China Southern and China Eastern.

HNA has touted plans to offload subsidiary ...

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Cargo handling Handle with care HNA Group IPO M&A Swissport WFS

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