Hainan Airlines Among Alleged Victims of $10 Billion Embezzlement at Bankrupt Parent HNA

Shanghai-based Hainan Airlines is among the three business units at debt-ridden HNA that says money was embezzled by shareholders. Bloomberg

Skift Take: First a bankruptcy, then disclosures alleging embezzlement by shareholders. All during a pandemic. Things promise to get uglier for the this once high-flying aviation group.

— Tom Lowry

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