{"id":455001,"date":"2021-12-09T08:52:27","date_gmt":"2021-12-09T03:22:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=455001"},"modified":"2021-12-09T09:52:00","modified_gmt":"2021-12-09T04:22:00","slug":"chinese-conglomerate-hna-cedes-control-of-core-airline-operations","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/chinese-conglomerate-hna-cedes-control-of-core-airline-operations\/","title":{"rendered":"Chinese conglomerate HNA cedes control of core airline operations"},"content":{"rendered":"<p>HNA Group has officially handed over control of its core airline operations to Liaoning Fangda Group Industrial, marking the end of an era for the Chinese conglomerate as it continues to restructure one of the country\u2019s biggest piles of corporate debt.<\/p>\n<p>Gu Gang, head of a government taskforce in charge of HNA\u2019s restructuring, will no longer serve as the group\u2019s leading secretary for the Communist Party after the key handover of Hainan Airlines Holding, the company said in a statement on social media. The taskforce will continue its remaining work in handling the group\u2019s reorganisation, according to the statement. <\/p>\n<p>\u201cWe wish Hainan Airlines and all the brother airlines a safe landing, and rebirth after nirvana!\u201d the group said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HNA Group has officially handed over control of its core airline operations to Liaoning Fangda Group Industrial, marking the end of an era for the Chinese conglomerate as it continues to restructure one of the country\u2019s biggest piles of corporate debt. Gu Gang, head of a government taskforce in charge of HNA\u2019s restructuring, will no longer serve as the group\u2019s leading secretary for the Communist Party after the key handover of Hainan Airlines Holding, the company said in a statement on social media. The taskforce will continue its remaining work in handling the group\u2019s reorganisation, according to the statement. \u201cWe [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-455001","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/455001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=455001"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/455001\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=455001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=455001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=455001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}