HNA sells hotels.

Recently, Hainan Airlines Group Co., Ltd. (hereinafter referred to as "HNA Group") announced that the restructuring plan of HNA Group has been approved by the State-owned Assets Supervision and Administration Commission. This is an important progress of HNA Group since it began to promote restructuring on 20 18, and it is also an important measure for HNA Group to accelerate its transformation and development.

I. Background analysis

HNA Group, as one of the largest private airlines in China, once occupied an important position in the domestic and international aviation market. However, due to the over-expansion and highly leveraged operation mode, as well as the changes in the domestic and international economic situation and policy environment, HNA Group has fallen into a serious debt crisis.

In order to resolve the debt risk, HNA Group began to promote the restructuring plan on 20 18. After many adjustments and optimizations, HNA Group's restructuring plan was finally approved by SASAC.

Second, the reorganization plan content

According to the announcement, the reorganization plan of HNA Group mainly includes the following contents:

1. Adjust the business structure. HNA Group will abolish some businesses and focus on developing core businesses such as air transport, airport operation, air logistics and tourist hotels.

2. Reduce the debt scale. HNA Group will reduce the debt scale by selling assets, transferring equity and issuing bonds.

3. Optimize the management structure. HNA Group will optimize its management structure, improve management efficiency and reduce costs.

4. Strengthen compliance management. HNA Group will strengthen compliance management, strictly abide by laws and regulations, and standardize business practices.

Third, the significance of the reorganization plan

The reorganization plan of HNA Group was approved by SASAC, which means that HNA Group has taken an important step in resolving debt risks, optimizing business structure and improving management efficiency. Specifically, the significance of this plan mainly includes the following aspects:

1. Reduce the debt risk. HNA Group reduced the debt risk by reducing the debt scale and laid a more solid foundation for future development.

2. Optimize the business structure. HNA Group will abolish some businesses and focus on developing core businesses, which will help improve business efficiency and profitability.

3. Strengthen management efficiency. By optimizing the management structure, HNA Group can improve management efficiency, reduce costs and help improve the competitiveness of enterprises.

4. standardize business practices. HNA Group strengthens compliance management, strictly abides by laws and regulations, and regulates business behavior, which is helpful to improve the social image and reputation of the enterprise.