ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Transportation

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) 

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.

Japanese financial group Orix jointly owns Ireland-based aircraft leasing company Avolon Holdings with Bohai Leasing, a Shenzhen-listed unit of HNA Group. Avolon is the world's third-largest aircraft lessor, both in terms of fleet size and value, according to KPMG, and it is considered one of the most precious assets of the group.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more