(Bloomberg) Three listed companies of China’s HNA Group Co. said shareholders and affiliates misappropriated at least 63 billion yuan ($9.8 billion) of funds, deepening the woes of the indebted conglomerate that’s set to be restructured.
Hainan Airlines Holding Co.
ABC News
Turn on desktop notifications for breaking stories about interest?
OffOn
China s HNA Group says creditors want it declared bankrupt
HNA Group, a debt-burdened Chinese airline operator that faced opposition in Washington to its attempt to buy a Wall Street hedge fund during a costly global acquisition spree, says its creditors have asked a court to declare the company bankrupt
By JOE McDONALD AP Business Writer
January 29, 2021, 12:02 PM
• 2 min read
The Associated Press
A man wearing a face mask to protect against the spread of the coronavirus walks past a ticket counter for Hainan Airlines, owned by Chinese firm HNA Group, at Beijing Capital International Airport in Beijing, Friday, March 6, 2020. HNA Group, a debt-burdened Chinese airline operator that faced opposition in Washington to its attempt to buy a Wall Street hedge fund during a costly global acquisition spree, says its creditors have asked a court to declare the company bankrupt. (AP Photo/Mark Schief
From Cancun to Aruba, US Getaways Rush to Offer Traveler Tests newsmax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsmax.com Daily Mail and Mail on Sunday newspapers.
U.S. Travel Rules Spark Testing Rush in Resort Getaway Spots Bloomberg 1/28/2021 Andrea Navarro and Patrick Clark
(Bloomberg) Hotels, airports and airlines across Mexico and the Caribbean are rushing to set up Covid-19 testing sites to meet new U.S. entry rules and salvage demand for the pandemic-hit travel industry.
In Mexico, tourist magnets like Cancun have set up multiple testing sites inside airports to accommodate travelers to the U.S., which on Tuesday started requiring proof of negative Covid results before allowing visitors to fly in from other nations. Hyatt Hotels Corp. is offering complimentary testing at its 19 Latin America resorts, while Marriott International Inc. is providing a mix of on-site testing and assistance coordinating with local facilities.