HNA seals latest acquisition amid debt fears

Chinese airline HNA Group is close to sealing the $10 billion takeover of an aircraft-leasing company. But questions are starting to be asked.

HNA seals latest acquisition amid debt fears

Avolon, a subsidiary of HNA, agreed this week to buy the aircraft-leasing arm of US lender CIT Group, beating a large group of other bidders in the highly-competitive deal. 

Executives at the Chinese company could be forgiven for patting themselves on the back for the deal. The price they paid was roughly in line with what analysts expected, and a capital return plan from CIT means shareholders are highly likely to approve...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition

EVENTS