Hong Kong Air Cargo receives AOC

It’s not every day a Hong Kong-based startup receives an Air Operator’s Certificate, in fact, it has been about twelve years since the last new-issue permit. Today, that changed when Hong Kong Air Cargo, a spin-off from combination carrier, Hong Kong Airlines was granted an AOC. More details are expected following a grand opening ceremony […]

HNA Group affiliates gobble up Hong Kong-based assets

Hong Kong Airlines recently acquired a 51% stake in SATS HK, the Hong Kong affiliate of Singapore-based airport services provider, SATS. In parallel, Hong Kong Airlines’ investment arm, Holistic Capital Investment, acquired a 35% stake in Asia Air Freight Terminal (AAT) (a stake that was owned by forwarder and logistics services provider, Kerry Logistics, SATS […]

HNA Group buys Hahn Airport

The German state of Rhineland-Palatinate sold its 82.5% stake in Hahn Airport (HHN) to China’s aviation and travel conglomerate HNA Group for €15.1 million. According to a report in CargoForwarder, the financial transaction has been completed, and the final contract will be signed on 1 March. The fate of the remaining 17.5% stake, currently held by […]

China’s HNA Group nearing acquisition of Hahn Airport

Last year, when the Rhineland-Palatinate government put its stake in the ailing Frankfurt Hahn Airport (HHN) up for sale, China-based HNA Group surfaced as a potential buyer. Then, out of nowhere, HNA was outbid by a largely unknown Chinese conglomerate, Shanghai Yiqian Trading Company. However, that deal fell through when it was discovered that Yiqian […]

Where’s the beef?

Where’s the beef? Not on the tables of hungry Chinese diners – or at least not often enough nor in sufficient quantity. At least that seems to be the conclusion drawn by Shanghai Yiqian Trading, the Chinese company that is buying Germany’s Frankfurt Hahn Airport (HHN). According to company Chairman Yu Tao Chou, Shanghai Yiqian […]
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