Hong Kong Airlines and Shareholder Sued by HNA Group Over Alleged Debt
Hong Kong Airlines and its shareholder are being sued by HNA Group, the Chinese conglomerate, over as much as HK$1.17 billion in debt, as another legal battle looms for the city’s troubled carrier.
In court filing on Thursday, HNA Group (Hong Kong) Investment accused Hong Kong Airlines Consultation Service Co Limited for failing to repay two promissory notes – one for HK$385 million (US$49.2 million) issued February 2010 and another for HK$390 million issued in June 2013.