HNA Group's problems mount as airlines delay leasing payments

© Tea

Airlines affiliated with Chinese conglomerate HNA Group, owner of Swissport and multiple aviation and logistics businesses, are delaying aircraft lease payments as a result of liquidity issues at the group, reports Reuters. Payments have been delayed for more than two months in some cases, according to lessors.

HNA, which has been linked to numerous acquisition targets, after its $50bn spending spree over the past two years, is majority owner of Frankfurt Hahn, cargo airline Suparna, (formerly Yangstze River Express) and Singapore ...