Chinese conglomerate HNA Group—parent of Hainan Airlines (HU), China Xinhua Airlines, Chang'an Airlines and Shanxi Airlines—has acquired a 48% stake in French airline Aigle Azur Transports Aeriens (ZI).
Hainan Airlines A330-200. By Rob Finlayson Chinese conglomerate HNA Group—parent of Hainan Airlines (HU), China Xinhua Airlines, Chang'an Airlines and Shanxi Airlines—has acquired a 48% stake in French airline Aigle Azur Transports Aeriens (ZI). The deal makes HNA Group the second largest shareholder of ZI, after Go Fast Transport, and the first Chinese aviation enterprise to invest in a European airline, according to an HNA statement. It is reported the deal is worth ...
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