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Japan's Orix sees HNA bankruptcy proceedings as path forward

Joint partner in jet lessor Avolon expects restructuring to clarify situation

Hitomaro Yano, an Orix executive, said the situation for HNA Group "will be cleared up," as the Chinese conglomerate moves toward a restructuring. (Source photos by AP and Reuters) 
KENJI KAWASE, Nikkei Asia chief business news correspondent | China

HONG KONG -- Business conditions around struggling HNA Group have turned positive, according to one of its joint venture partners, after its creditors last month petitioned to bring the Chinese conglomerate to court for bankruptcy proceedings.

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