China's HNA transfers airline management to strategic investor

China's HNA transfers airline management to strategic investor

Signage for HNA Group Co. is displayed atop the company's building in Beijing, China, on Thursday, Feb. 1, 2018. Photographer: Giulia Marchi/Bloomberg

China’s HNA Group Co Ltd said it has transferred management of its core aviation business, including Hainan Airlines Holding Co Ltd, to strategic investor Liaoning Fangda Group Industrial Co Ltd, effective Wednesday.