China’s fast-expanding HNA Group, parent of Hainan Airlines, has launched a bid to buy Switzerland’s airline catering firm Gategroup Holdings. The deal is being recommended by the Swiss company’s board. The CHF1.4 billion ($1.46 billion) all-cash offer is the latest major Swiss acquisition by the Chinese aviation and shipping conglomerate, whose airline portfolio includes Hainan Airlines, Tianjin Airlines and French carrier Aigle Azur. Last year it acquired cargo handler ...

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