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HNA will return to airline roots and dispose assets, chief says

Chinese group aims to transform from sprawling, debt-laden conglomerate

China's HNA Group has been unloading assets such as its shares in hotel operator Hilton Worldwide Holdings.   © Reuters

CHONGQING -- HNA Group, the heavily leveraged Chinese conglomerate, has embarked on a divestment campaign with the singular purpose of returning to its airline roots, the group's head told Nikkei.

"We are not simply selling off assets," Chairman Chen Feng said in an interview Monday. "We are disposing assets for the purpose of concentrating on the core aviation business."

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