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HNA secures investors for airline, airport businesses
Bankrupt conglomerate HNA Group has managed to secure strategic investors for its airline and airport businesses. Months into its restructuring it brought in Liaoning Fangda Group Industrial as investor for its airlines business and Hainan Development Holdings for the airport operations unit.
Hainan government assumed control of the struggling company last year. The restructuring aims to help the two units ease its debt load and improve efficiency and profitability, they said in filings.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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