HNA Holdings Group has dismissed concerns about the group’s liquidity but admitted to end-of- the-year tightness, as Chinese banks eke out the remainder of their lending quotas.
The Chinese airlines-to- finance conglomerate has mounted a rapid international expansion over the past few years, transforming it into one of China’s most visible companies. Its financial health came under scrutiny in 2017 after Chinese regulators moved against private companies moving money out of China.
In recent weeks HNA has extended the payment period for a loan from its Swiss entity, Gategroup, to another affiliate and has delayed payments to aircraft lessors, raising concerns about the group’s liquidity.
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