17 Apr '18, 5am

Exclusive: Singapore's Temasek interested in buying into HNA's Hong Kong airlines - source

SINGAPORE (Reuters) - Singapore state investor Temasek Holdings has expressed interest in buying into Chinese conglomerate HNA’s Hong Kong-based carriers, Hong Kong Airlines and Hong Kong Express Airways, according to a source familiar with the matter. FILE PHOTO: A Hong Kong Airlines passenger plane taxies on the tarmac at Hong Kong Airport in Hong Kong, China September 11, 2013. REUTERS/Tyrone Siu/File Photo - However, an investment in the unlisted Hong Kong carriers by Temasek remains subject to a due diligence process that has yet to begin, said the source on condition of anonymity. The Singaporean investor would likely emerge as only a minority holder in the Hong Kong airlines, which control valuable slots at Hong Kong’s capacity-constrained airport, if a deal is completed, the source said. Temasek and the debt-laden HNA, an aviation-to-financial services conglomerate...

Full article: https://www.reuters.com/article/us-temasek-holdings-hna-g...

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