HNA Group

HNA Group, Co., Ltd.
Native name
 Simplified: 海航集团
Traditional: 海航集團
Private
Industry Aviation, tourism, financial services, real estate, logistics
Founded 2000
Headquarters HNA Building, Haikou, China
Key people
 Chen Feng, chairman
Xian Hua Li, CEO
Xiangdong Tan, president
Website hnagroup.com

HNA Group Co., Ltd., is a Chinese conglomerate headquartered in Haikou, China. Founded in 2000, it is involved in the aviation, real estate, financial services, tourism, logistics, and other industries.[1] It is part owner of Hainan Airlines, China's fourth largest airline.

History

Headquarters in Haikou, Hainan

In 1993, Chen Feng established Hainan Airlines. Following a restructuring of the airline in 1997, Feng founded HNA Group, Co., Ltd. as the parent company of Hainan Airlines in January 2000.[2][3][4] Following the CAAC's creation of three major airline groups in 2000, HNA Group took control of China Xinhua Airlines, Chang An Airlines, and Shanxi Airlines to remain competitive.[5][6]

Since then, the group has undergone great diversification, entering multiple industries such as tourism and logistics. It has also significantly expanded its involvement with both national and international companies. These include several airlines, NH Hotel Group,[7] Uber,[8] and an office tower and a hotel in New York City. HNA Group has spent more than US$3 billion on foreign acquisitions. It intends to be one of the top 50 companies in the world by 2030.[9]

On February 18, 2016, HNA Group was reported to reach an agreement with Ingram Micro Inc, a California-based technology distributor for $6 billion, in the largest Chinese takeover of a US information technology company. HNA Group was then advised by China International Capital Corp in the transaction.[10]

Entities

HNA Group is composed of five core industries: HNA Aviation, HNA Holdings, HNA Capital, HNA Tourism, and HNA Logistics.

HNA Aviation

HNA Aviation has a stake in Hainan Airlines via Grand China Air

HNA Aviation is affiliated with multiple Chinese airlines. These include the following:[2][6][11][12][13]

The group also has stakes in some carriers based outside China, including Africa World Airlines, Aigle Azur (48%),[14] Azul Brazilian Airlines (23.7%),[15] Comair (6.2%),[16] and MyCargo Airlines.[17]

On 18 January 2016, HNA Aviation formed the world's first alliance of low-cost carriers, U-FLY Alliance. While the founding members of the alliance—HK Express, Lucky Air, Urumqi Air, and West Air—are all affiliated with HNA Aviation, the alliance is also open to airlines not within HNA Group.[18]

Other entities

HNA Holdings is involved in real estate and the retailing industry.[19] Subgroup HNA Airport Group operates 16 airports across China, including the airports in Haikou, Sanya, Weifang, Dongying, Yichang, Anqing, and Yingkou.[2][20]

HNA Capital deals with financial services and investment banking. It has over 30 member companies.[21]

HNA Tourism is involved in the tourism industry. Subgroup HNA Hospitality Group operates several resorts, business hotels, boutique hotels, and the Tangla hotel chain.[22]

HNA Logistics is engaged with shipbuilding, marine cargo transport, air cargo, and other elements of logistics.[2][23]

References

  1. ↑ "Company Overview of HNA Group Co., Ltd.". Bloomberg Business. Retrieved 11 February 2016.
  2. 1 2 3 4 "HNA Group on the acquisition trail". CAPA - Centre for Aviation. 11 August 2011. Retrieved 11 February 2016.
  3. ↑ "Biography of Chen Feng". The Wharton Global Alumni Forum: June 12 - 13, 2009 | Beijing. Retrieved 11 February 2016.
  4. ↑ "HNA Chairman Chen Feng’s Growth Strategy: Go Global in the Downturn". Knowledge@Wharton. 27 February 2013. Retrieved 11 February 2016.
  5. ↑ Minhua, Ji and Gong, Liu (10 July 2007). "Hainan Airlines to Form Aviation Conglomerate". Caijing.com.cn. Retrieved 11 February 2016.
  6. 1 2 Eaton, Sarah (2015). The Advance of the State in Contemporary China: State-Market Relations in the Reform Era. Cambridge, UK: Cambridge University Press. pp. 72–73.
  7. ↑ Wen, Wang (19 November 2014). "HNA Group buys 8.3% equity stake in NH Hotel Group of Spain". China Daily. Retrieved 11 February 2016.
  8. ↑ Carsten, Paul (11 January 2016). "Uber drives into China tourism industry with HNA Group tie-up". Reuters. Retrieved 11 February 2016.
  9. ↑ Mellor, William and Wang, Jasmine (23 May 2014). "For Hainan Airlines’ Chen Feng, rise of resort in China provides lift for a new sky empire". The Washington Post. Retrieved 11 February 2016.
  10. ↑ Fontanella-Khan, James (2016-02-18). "China’s HNA to buy Ingram Micro for $6bn". Financial Times. ISSN 0307-1766. Retrieved 2016-02-23.
  11. ↑ "HNA Group to Restore Chang An Air as Independent Carrier". China Aviation Daily. 27 December 2015. Retrieved 11 February 2016.
  12. ↑ "Grand China Air ups stake in Hainan Airlines to 35%". Ch-aviation. 9 March 2015. Retrieved 11 February 2016.
  13. ↑ Ge, Lena (9 December 2015). "HNA Group's Air Guilin Unveils Its Logo and Livery". China Aviation Daily. Retrieved 11 February 2016.
  14. ↑ "HNA, of Hainan Airlines, takes 48% stake of France's Aigle Azur, giving backdoor European access". CAPA - Centre for Aviation. 24 October 2012. Retrieved 11 February 2016.
  15. ↑ Horch, Dan (24 November 2015). "Brazilian Airline Azul Sells Stake to HNA Group of China". The New York Times. Retrieved 11 February 2016.
  16. ↑ "HNA/Hainan Airlines buys 6.2% of South Africa's Comair, accelerating China-Africa aviation links". CAPA - Centre for Aviation. 2 June 2015. Retrieved 11 February 2016.
  17. ↑ "HNA Group and Bravia Capital complete acquisition of ACT Airlines; rebranded as MyCargo Airlines". CAPA - Centre for Aviation. 25 October 2011. Retrieved 11 February 2016.
  18. ↑ "HNA Group: four airlines form U-FLY Alliance, world's first LCC grouping, showing HNA consolidation". CAPA - Centre for Aviation. 22 January 2016. Retrieved 11 February 2016.
  19. ↑ "HNA Group: HNA Holdings". HNA Group. Retrieved 11 February 2016.
  20. ↑ "HNA Holdings: Airport Management". HNA Group. Retrieved 11 February 2016.
  21. ↑ "HNA Group: HNA Capital". HNA Group. Retrieved 11 February 2016.
  22. ↑ "HNA Group: HNA Capital". HNA Group. Retrieved 11 February 2016.
  23. ↑ "HNA Group: HNA Logistics". HNA Group. Retrieved 11 February 2016.
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