Hainan Airlines calls bondholder meeting, seeking delay in debt repayment amid liquidity squeeze

 

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Hainan Airlines is calling a bondholder meeting this week to seek a delay in debt repayment as its liquidity tightens after the coronavirus outbreak hit travel and carriers.

The airline, part of the debt-stricken HNA Group, is holding a conference call at 2pm local time April 10 with investors of its 750 million yuan ($106.4 million) 4.35 per cent bond, according to a filing to the Shanghai Clearing House. The 270-day bills will mature on April 17.

The company’s revenue has declined sharply due to the epidemic, the carrier said . . .

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