HNA Group

HNA Group
Company typePrivate
IndustryAviation, tourism, financial services, real estate, logistics
FoundedApril 16, 1998; 26 years ago (1998-04-16)
FoundersChen Feng, Wang Jian, Tan Xiangdong, and others
DefunctDecember 8, 2021; 2 years ago (2021-12-08)
FateBankrupted
List
Successors
HeadquartersHNA Building,
Haikou
,
China
Key people
RevenueIncrease CN¥100.941 billion (2015)
Decrease CN¥2.366 billion (2015)
Increase CN¥806 million (2015)
Total assetsIncrease CN¥468.709 billion (2015)
Total equityIncrease CN¥22.514 billion (2015)
Owner
  • Hainan Traffic Administration Holding (70%)
  • Jianyun Investments (30%)
Parent
  • Hainan Traffic Administration Holding (direct)
  • Hainan Province Cihang Foundation (ultimate)
Footnotes / references
in a consolidated basis; equity and profit excluded minority interests; in Chinese Accounting Standards[1]
HNA Group Co., Ltd.
Simplified Chinese海航集团有限公司
Traditional Chinese海航集團有限公司
Transcriptions
HNA Group
Simplified Chinese海航集团
Traditional Chinese海航集團
Transcriptions

HNA Group Co., Ltd., was a Chinese conglomerate headquartered in Haikou, Hainan, China. Founded in 2000, it was involved in numerous industries including aviation, real estate, financial services, tourism, logistics, and more.[2] It is the owner of Hainan Airlines and a part owner of Grand China Air.[3]

In July 2017, HNA Group ranked No. 170 in 2017 Fortune Global 500 list with a revenue of $53.335 billion.[4] It is one of the most active investment companies in the world, acquiring numerous assets under its name.[5][6] In 2021, the corporation declared bankruptcy after debt restructuring efforts failed.[7] On December 8, 2021, Liaoning Fangda Group Industrial acquired HNA's aviation division.[8] Later, on December 24, Hainan Development Holdings Co., Ltd. acquired HNA's airport division,[9] and marked the closing of the final chapter in the now defunct HNA Group.

  1. ^ 2016年第二期海航集团有限公司可续期公司债券发行文件 [Pospectus of 2016 (batch 2) renewable bonds of HNA Group]. HNA Group (in Chinese). chinabond.com.cn. 15 August 2016. Archived from the original on 20 November 2016. Retrieved 19 November 2016.
  2. ^ Company Overview of HNA Group Co., Ltd. Archived 2019-03-28 at the Wayback Machine. Bloomberg Business. Retrieved 11 February 2016.
  3. ^ "Can a US$48 billion global shopping spree take this Chinese company into the Fortune 100?". South China Morning Post. Archived from the original on 2017-12-24. Retrieved 2017-12-24.
  4. ^ 海航集团成功进入美国《财富》2017年世界500强榜单. Sina (in Simplified Chinese). August 2017. Archived from the original on 2017-08-13. Retrieved 2017-12-23.
  5. ^ "Fortune Global 500 List 2018: See Who Made It".
  6. ^ "China's HNA Group goes on a global shopping spree". The Economist. Archived from the original on 2017-10-12. Retrieved 2017-10-11.
  7. ^ "Chinese conglomerate HNA goes bankrupt | NHK WORLD-JAPAN News". NHK WORLD. Retrieved 2021-01-31.
  8. ^ "海航集团航空主业实际控制权移交至辽宁方大". 中国民航网. Archived from the original on 2023-06-17. Retrieved 2023-06-17.
  9. ^ "海发控110亿入主海航机场板块，改名海南机场的*ST基础何时止跌？". 第一财经. Archived from the original on 2021-12-24. Retrieved 2023-06-17.