RTR: CWT International defaults on $179m loan, parent HNA sees no impact on business

© Piotr Trojanowski hna

© Piotr Trojanowski

By LoadstarEditorial

16/04/2019

REUTERS reports: “CWT International Ltd, a unit of China’s indebted HNA Group, said on Tuesday it defaulted on a HK$1.4 billion ($179 million) loan, and that it has less than 24 hours to pay funds due or lose assets pledged as collateral.”

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HNA HNA Group 747F air cargo market Cathay Pacific Cargo Hong Kong Express National Air Cargo

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