HNA Group’s West Air unit gets breathing space to complete stake sale as creditors defer put option on bonds amid travelling slump | West Air, a Chinese budget carrier owned by the HNA Group, has persuaded some creditors to postpone receiving their bond payments, getting much-needed

HNA Group’s West Air unit gets breathing space to complete stake sale as creditors defer put option on bonds amid travelling slump

HNA Group’s West Air unit gets breathing space to complete stake sale as creditors defer put option on bonds amid travelling slump

HNA Group’s West Air unit gets breathing space to complete stake sale as creditors defer put option on bonds amid travelling slump

HNA Group’s West Air unit gets breathing space to complete stake sale as creditors defer put option on bonds amid travelling slump

HNA Group’s West Air unit gets breathing space to complete stake sale as creditors defer put option on bonds amid travelling slump

HNA Group’s West Air unit gets breathing space to complete stake sale as creditors defer put option on bonds amid travelling slump
HNA Group’s West Air unit gets breathing space to complete stake sale as creditors defer put option on bonds amid travelling slump
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West Air, a Chinese budget carrier owned by the HNA Group, has persuaded some creditors to postpone receiving their bond payments, getting much-needed breathing space as its indebted parent company struggles for financial survival amid a national lockdown that has grounded all but a handful of weekly flights.The carrier, operating 35 aircraft from its base in Chongqing in central China, persuaded bondholders to withdraw 292 million yuan (US$41.3 million) of put options, according to West Air’s…

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