One of China's most complicated insolvency cases enters the next round: The HNA Group from Hainan in southern China is split into four independently managed business units. HNA is the parent company of the renowned Hainan Airlines, the only airline that services direct routes from Beijing to Berlin. The tourism company definitely still has a future – if it operates more frugally and efficiently in the future.
By Frank Sieren
Just four years ago, Evergrande founder Xu Jiayin was China's richest man for a time. But the real estate conglomerate's mountain of debt keeps growing. Beijing has urged Xu to resolve these problems quickly. But banks and rating agencies are shaking their heads.
By Redaktion Table
Following the insolvency of major investor HNA, the state government of Rhineland-Palatinate is striving to find a solution for Frankfurt-Hahn Airport. Whether Hainan Airlines survives the restructuring of HNA's affiliated companies in the midst of the coronavirus crisis remains uncertain.
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