HNA Group is a massive Chinese conglomerate that has stakes in all kinds of travel brands. This includes about a dozen Chinese airlines, as well as major international hotel brands, like Hilton and Carlson. While the company was investing like crazy, they've transitioned from rapid to moderate growth, and as a result have had trouble…
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Also their founder and co-chairman fell to his death last week while "trying to take a picture" on vacation in France. Really suspect if you ask me, given the turmoil the company is going through.
I read recently that the chairman of this company 'slipped' and suffered a fatal head wound. What a bunch of nonsense these people are-I am willing to pay more with the tariffs.
The rumors said that the Vice President Mr. Wang, the supreme leader’s loyal deputy, is the true stakeholder of the HNA group. The HNA group as a “private company” has outgrown all its big three national airlines in China with unlimited capital access that no other Chines private company has. And yet, nobody knows the structural setup and shareholders....one time it was reported that the HNA group was controlled by a charity foundation voluntarily managed by an Indian guy. So you get the picture!
If I were you, Lucky, I would never have a frequent flier account with Hainan Airlines, or if you have accumulated points with it, you should cash out.
HNA owns 49% of the french airline Aigle Azur. This airline flies A330 between Paris (ORY) and Sao Paulo (VCP). Ben, as a flyer would is always fascinated by odd airlines and route I think that would be interesting to read a review of this airline on that flight.
They also fly between ORY and PEK but the flight to VCP seems more interesting !
Buying China corp debt to covert for airline tickets would be an interesting pickup of AS miles.
China Corp debt to pick up some AS miles
HNA Offers Airline Vouchers to Repay Investors Instead of Cash https://www.bloomberg.com/news/articles/2018-11-14/hna-offers-airline-vouchers-to-repay-investors-instead-of-cash