Hainan Airlines To Get Cash Injection After HNA Group Receives Lifeline
Credit: AFP/Getty Images
Debt-ridden HNA Group is expected to receive as much as CNY38 billion ($5.9 billion) in additional funding after investors agreed in a creditor meeting to double the number of shares and increase its capital base. The lion’s share of that capital will be injected into an enlarged Hainan Airlines...
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