Friday, June 14, 2024

Swissport extends loan to HNA Group

Swissport has postponed collecting the remaining unpaid balance of its affiliate loan to HNA Group while the Chinese owner assesses options for the company. The Swiss handling agent received a partial payment of €83 million from HNA Group in May 2018 in partial satisfaction of HNA’s obligation under an outstanding affiliate loan. Swissport agreed to […]

Eric Born to stay at Swissport for another year

Eric Born and HNA Group have agreed to extend Born’s contract as president and chief executive officer (CEO) of Swissport International until 31 December 2019. He has been serving as president and CEO of the ground handling and air cargo service provider since August 2015. HNA Group CEO, Adam Tan says: “Given Eric’s outstanding leadership, […]

HNA Group plans for business after Wang Jian’s death

Following the death of co-founder and chairman Wang Jian, HNA Group’s management have promised to continue with the company’s strategy and operations. Wang died on a business trip to France, when he reportedly fell up to 15 metres from a wall while taking a picture during a sight seeing tour. Local police in the village […]

HNA Group chairman, Wang Jian dies in accident in France

HNA Group co-founder and chairman, Wang Jian has died aged 57 in an accident while on a business trip to France. He was in Provence, France where is reported to have had a fall, and despite receiving medical treatment did not recover. The group’s board and management team, led by co-founder and chairman, Chen Feng […]

HNA Group and Temasek to explore logistics opportunities

HNA Group has signed a memorandum of understanding with Singapore based investment company, Temasek to explore opportunities in aviation and logistics, and airport infrastructure. Temasek president and chief executive officer, Chia Song Hwee says: “Temasek is a long term commercial investor. We are keen to explore investments which support longer term trends for a better, […]

HNA Group finalises 82.5% stake in Frankfurt-Hahn

The HNA Group has completed an 82.5 per cent stake purchase in Frankfurt-Hahn Airport as its moves forward with its European expansion. The transaction is worth €15.1 million ($15.8 million). The Chinese company won the stake in March, which was owned by the gateway’s federal state owners Rhineland Palatinate following European regulatory approval. HNA Group said the […]

European Commission approves public support for Frankfurt-Hahn

The European Commission (EC) has found public support by the Land of Rhineland-Palatinate to loss-making Frankfurt-Hahn Airport in Germany to be in line with European Union state aid rules. This the EC says ensures the gateway can continue to serve the area’s transport needs until private investment enables its return to viability. Since 2009, Frankfurt-Hahn […]

HNA Infrastructure takes 60% stake in Rio Galeao airport

HNA Infrastructure has made its first move into Latin America by taking a 60 per cent stake in the operator of Rio de Janeiro’s Antonio Carlos Jobim Galeao International Airport. The HNA Group subsidiary will acquire the equity stake from Rio de Janeiro Aeroportos (RJA) from Odebrecht for 60.1 million reals ($18.8 million) and also […]

Atlas to operate B747F on behalf of Yangtze River Airlines

Atlas Air Boeing 747-8F

Atlas Air Worldwide has announced the ACMI (aircraft, crew, maintenance and insurance) placement of a Boeing 747-400 Freighter with Yangtze River Airlines – a subsidiary of the HNA Group in China. The 747-400F will be operated by Atlas Air, and will fly on behalf of Yangtze River Airlines through an ACMI agreement. The new service will commence this month and will […]

HNA Airport Group picks up €15m majority stake in Frankfurt-Hahn

HNA Airport Group, which is owned by HNA Group, has confirmed it has signed an agreement with the Rheinland-Palatinate Ministerial Council to acquire an 82.5 per cent equity interest in Frankfurt-Hahn Airport. The transaction is valued at approximately €15 million and is expected to close in the second quarter of 2017, subject to certain regulatory approvals. […]

Asia and China in particular key focuses for Munich

China and Asia as a whole remain the most vital trade lanes for Munich Airport for both bellyhold and freighter-only segments. One of the Bavarian gateways key carriers is HNA Group airline Yangtze River Express (pictured), which operates five-weekly flights to the Chinese cities of Tianjin and Shanghai operated by a Boeing 744 Freighter. Munich […]

HNA completes Swissport takeover

HNA Group has completed its acquisition of Swissport from PAI Partners, making the Swiss handling agent a stand-alone business in HNA. HNA Group president, Adam Tan says: “We welcome Swissport’s customers and employees into partnership with the HNA Group … It complements HNA’s existing activities including aviation, airport management, logistics, tourism, real estate and financial […]

EU clears HNA’s Swissport deal

The European Commission has cleared the acquisition of Swissport by China’s HNA Group as part of a 2.7 billion Swiss francs ($2.8 billion) deal. On Thursday 18 November, the Commission explains the proposed acquisition would not raise competition concerns because the companies’ activities do not overlap each other. The deal is expected to help the […]