HNA Group

HNA Group Co., Ltd.
Company typePrivate
IndustryAviation, tourism, financial services, real estate, logistics
FoundedApril 16, 1998 (1998-04-16)
FoundersChen Feng, Wang Jian, Tan Xiangdong, and others
DefunctDecember 8, 2021 (2021-12-08)
FateBankrupted
List
Successors
HeadquartersHNA Building, ,
China
Key people
Revenue CN¥100.941 billion (2015)
CN¥2.366 billion (2015)
CN¥806 million (2015)
Total assets CN¥468.709 billion (2015)
Total equity CN¥22.514 billion (2015)
Owner
  • Hainan Traffic Administration Holding (70%)
  • Jianyun Investments (30%)
Parent
  • Hainan Traffic Administration Holding (direct)
  • Hainan Province Cihang Foundation (ultimate)
Footnotes / references
in a consolidated basis; equity and profit excluded minority interests; in Chinese Accounting Standards
HNA Group Co., Ltd.
Simplified Chinese海航集团有限公司
Traditional Chinese海航集團有限公司
Transcriptions
HNA Group
Simplified Chinese海航集团
Traditional Chinese海航集團
Transcriptions

HNA Group Co., Ltd., was a Chinese conglomerate headquartered in Haikou, Hainan, China. Founded in 2000, it was involved in numerous industries including aviation, real estate, financial services, tourism, logistics, and more. It was the owner of Hainan Airlines and a part owner of Grand China Air. In July 2017, HNA Group ranked No. 170 in 2017 Fortune Global 500 list with a revenue of $53.335 billion. It was one of the most active investment companies in the world, acquiring numerous assets under its name. In 2021, the corporation declared bankruptcy after debt restructuring efforts failed. On December 8, 2021, Liaoning Fangda Group Industrial acquired HNA's aviation division. Later, on December 24, Hainan Development Holdings Co., Ltd. acquired HNA's airport division, and marked the closing of the final chapter in the now defunct HNA Group.