HNA Group Related Content

HNA Aircraft Asset Sell Off Continues; Former CIT Business on the Block

Bloomberg reported that HNA Group has put CIT’s Commercial Air business up for sale after purchasing it for $10 billion in 2016. read more

HNA in Talks to Sell Stake in Avolon Holdings to Orix

Bloomberg reported HNA Group is in advanced talks to sell a minority stake worth over $2 billion in jet lessor Avolon Holdings to Japan’s Orix. read more

Bloomberg: HNA Looking at Avolon Aircraft Leasing Options

Bloomberg reported the HNA Group is considering options for its Avolon Holdings aircraft leasing business. HNA acquired Avolon in 2016 and expanded its aircraft fleet via the acquisition of CIT’s aircraft leasing business in 2017. read more

ANZ Sells New Zealand Equipment Finance Arm for $628MM

The Sydney Morning Herald reported that Australian-based ANZ Bank sold UDC Finance, its New Zealand equipment financing division, to China’s HNA Group in a deal valued at $628 million. read more

Contenders Emerge for GE Capital Australian Assets

According to The Australian, China’s HNA Group and a consortium comprising Deutsche and Sankaty Advisors made it through to the second round of the process to buy GE Capital’s Australian assets. read more

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