Airline Giant HNA Aviation Given Lifeline by Chinese Government

China’s HNA Group, owner of Hainan Airlines, has been granted a lifeline by the Chinese government amid recent financial troubles, mainly surrounding a large amount of debt accrued due to numerous acquisitions. One of HNA’s largest and most well-known entities is HNA Aviation which holds a majority stakes in 13 airlines in China and Hong Kong, including Hainan Airlines, Beijing Capital Airlines, Hong Kong Airlines, and HK Express. The group also has minority stakes in airlines outside of China that include…