HNA Group's flagship firm said the move was part of a plan to dispose of its debts after its creditors applied for the company's bankruptcy and restructuring late last month.
SHANGHAI: Hainan Airlines Co Ltd plans to transfer debts worth up to 72.5 billion yuan ($11.24 billion) to affiliates including HNA group to let them repay, it said in a statement to the Shanghai stock exchange on Tuesday.
HNA Group's flagship firm said the move was part of a plan to dispose of its debts after its creditors applied for the company's bankruptcy and restructuring late last month.
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