Financial problems at Chinese conglomerate HNA Group appear to be cascading through its logistics subsidiaries – and airline suppliers.
As it was reported that the group had put $11bn in property assets up for sale, subsidiary Swissport said it had extended its loan terms to its parent company.
HNA has repaid €83m of its €360m loan from Swissport, but the terms of repayment have now been extended for an unspecified period.
And Swissport is not the …
The post Financial woes build for HNA Group, forcing sale of subsidiaries and property appeared first on The Loadstar.
Source: The Loadstar