Carrier will use capital to ease financial pressure in the wake of Covid-19 lockdowns

Liaoning Fangda took over the airline from the beleaguered HNA Group in December, but has struggled to stem ballooning losses

Shanghai-listed Hainan Airlines and HNA Infrastructure Investment disclose that China’s securities regulator is looking into each for suspected violations of information disclosure laws and regulations

Handover of Hainan Airlines to Liaoning Fangda marks the latest step in the restructuring of the once high-flying conglomerate now sunk in debt

Fang Wei’s Fangda Group steps in as strategic investor under plan approved by creditors covering core businesses

Working group picks a little-known steelmaker to rescue the conglomerate’s flagship airline

Creditors want 400 billion yuan from financially troubled Hainan Airlines, but now they will be asked to accept far less

Brothers of now-arrested Chairman Chen Feng and late co-founder Wang Jian wove a web of businesses that conducted secret dealings with bankrupt conglomerate

Collaboration may be part of Juneyao’s partnership to snap up airline assets from the massive HNA bankruptcy restructuring, sources say

Chinese conglomerate brings to four the number of investors showing interest in buying the former high-flyer’s sprawling air travel operations

The 13 listed companies set aside enormous sums to absorb potential losses stemming from bankruptcy restructuring

Once high-flying Chinese conglomerate wants to bring in investors for its airline, airport and retail businesses

Restructuring will wipe out equity stakes apparently now held by two shadowy charities, co-founder Chen Feng and other executives, but ownership has always been opaque

After surviving SARS, 2008 and years of liquidity crunch, former high-flyer lands in bankruptcy reorganization after pandemic cripples its main travel business

Domestic carriers suffered a combined loss of 74.1 billion yuan as revenues plummeted

Passengers arriving from overseas to get screened at regional airports before being allowed to continue to Chinese capital

PwC takes dim view of $980 million of bank loans taken out by airline to cover debts of cash-strapped parent HNA Group

Company says it will go back to the drawing board to create ‘more optimized deal’

China Vanke buys Beijing Guosheng for $189 million as former high-flying conglomerate continues divestitures