HNA: actively seeking merger plan 05.08.2015

Davos this year, significantly reduced the number of Chinese entrepreneurs, many Davos regulars, did not appear. This allows HNA Group Chairman Chen Feng felt a little lonely.
 
Tencent Finance, said Chen Feng to see Chinese entrepreneurs, especially entrepreneurs come less and less, "I have a sense of loneliness, a feeling that I want to leave."
 
He said the forum's agenda-setting from the point of view, research on Chinese issues has increased, but also narrow depth and angle. In addition, the Chinese entrepreneurs is relatively restrained in activity patterns, including language problems, may be suited to some Davos.
 
However, since here, still have activities together. Chen Feng said that he met in Davos during the many European entrepreneurs, seeking opportunities for cooperation. For whether there are favorite acquisition targets, he did not know.
 
Earlier, on January 8, Chen Feng, revealed to the media in Hainan, Hainan Airlines Group Co., Ltd. (referred to as "HNA Group") during the year will be a very big overseas acquisitions. While still reluctant to disclose a potential target, but Chen Feng Tencent Finance this gives a range of aviation, real estate, hotel, commercial, is the main consideration of mergers and acquisitions.
 
Earlier, on October 23, Hainan Airlines announced the completion of the French in Paris WrightEagle Air (AIGLE AZUR) 48% equity acquisition price of about $ 40 million. The end of 2011, even based on $ 1.05 billion to complete GE SeaCo (Universal marine) 100% stake in container leasing companies.
 
Among these acquisitions, the biggest obstacle encountered what? Chen Feng believes that including Hainan Airlines, including the enterprises "going out", mainly the lack of experience in international competition, international mergers and weak teams, as well as the ability to integrate the three major cultural barriers.
 
Because a battery applaud the recent result of the grounding of the 787 incidents worldwide, Chen Feng said that Hainan Airlines Boeing 787 will not unsubscribe, HNA have confidence in the new technology, still believe in the 787 performance, low fuel consumption, etc., can help enhance the competitiveness of HNA force.
 
However, he also expressed his Boeing to postpone the delivery of continuous discontent, is currently the latest delivery time of this year, therefore, had to postpone the opening of Beijing HNA to New York route. Hainan Airlines currently has 10 Boeing 787 scheduled, the price per aircraft was $ 206.8 million.
 
Concern for the outside world HNA Group debt ratio problem, Chen Feng once again stressed that the current liabilities of the Group was 79%, less than 80%. The decline compared to last year, there have been a decline of 2 percentage points and 0.3 percentage points of the two versions, Chen Feng confirmations are to be published in the Group's financial sector 0.3 percent figure prevail. "Debt ratio less than 80% of aviation based group are healthy."

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