HNA Group has sold its 6.2% stake in South African carrier Comair through its Netherland-based subsidiary as part of the Hainan, China-based company’s asset disposal plan, according to a Comair filing released through the Johannesburg Stock Exchange. Details about the time and price of the transaction were not released. In 2015, HNA Group purchased its 6.2% stake in Comair with an investment of $12.7 million, now worth $14 million at current market rates. HNA Group has experienced ...

Subscribe to Access this Entire Article

"HNA Group sells stake in South Africa’s Comair" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? Log in here.