Two senior executives of HNA Aviation Group have been taken into police custody, Caixin reported on March 16. Chairman of the company BAO Qifa and chairman of HNA Group’s supervisory board SUN Mingyu were put under coercive measures on Monday. HNA Group chairman CHEN Feng and CEO TAN Xiangdong were taken into custody in September last year. Many suspected the two cases are connected.
HNA Aviation Group has changed its legal representative from Bao to President WANG Yingming.
After a bankruptcy reorganization last year, Liaoning Fangda Group became the controlling shareholder of HNA with 95 percent of the group’s shares.
