HNA Group and China Cinda Asset Management will jointly set up an industry buyout fund worth at least 20 billion yuan (USD 2.91 billion), HNA said in a statement on March 24.
HNA Group has raised its stake in Deutsche Bank, which is in the midst of an 8 billion euro (USD 8.62 billion) capital increase, to 4.76% from 3.04%.
Kieron Branagan, CEO of OpenJaw, a travel tech firm and subsidiary of TravelSky, reflects on innovation strategies for the airline business, based on external research as well as the company's internal efforts.
Boom Supersonic, a Colorado startup that is developing a new class of supersonic commercial aircraft, has raised USD 33 million in Series A funding.
American Airlines Group, the world’s largest carrier, is in advanced talks to acquire a stake in China Southern Airlines through a USD 200 million investment, reported Bloomberg.
Airports are keen to improve the passenger experience and remove some of the barriers for travelers in the process.
HNA Holding Group, Hong Kong-listed unit of Chinese conglomerate HNA Group and owner of Hainan Airlines, has posted a sixth consecutive year of financial losses.
Passenger trips made on domestic routes rose 17.4% YoY to 38.96 million in January, while those made on international routes surged 19.1% to 4.97 million.
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