China’s HNA transfers airline management to Fangda Group

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Hainan Airlines Airbus commercial passenger aircraft is pictured in Colomiers near Toulouse, France, November 26, 2018. REUTERS/Regis Duvignau

China’s HNA Group Co Ltd (HNAIRC.UL) said it has transferred management of its core aviation business, including Hainan Airlines Holding Co Ltd (600221.SS), to strategic investor Liaoning Fangda Group Industrial Co Ltd (BJFDAB.UL), effective Wednesday.

Stella Qiu and Brenda Goh  www.reuters.com

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