HNA Group tells warring Hong Kong Airlines parties to behave as battle for control of airline continues
- De facto parent company breaks silence after four days of infighting played out in public arena
- Chinese conglomerate says allegations of impropriety are false and says it is committed to seeing governance issues resolved
HNA Group, the de facto parent company of Hong Kong Airlines, has finally broken its silence after four days of boardroom and shareholder infighting played out in the public arena.
The Chinese airlines-to-financial services conglomerate said it wanted to put an end to a fractious dispute that has seen an attempted management coup and allegations of financial impropriety leave the carrier in utter disarray.
A spokesman said allegations of wrongdoing “with respect to HNA Group are false”.
In its statement released on Friday morning, HNA denied accusations of theft and breaking-and-entering at HKA’s headquarters. It was also accused of having destroyed financial documents.
The airline, which is struggling financially, could lose its government-issued permit to fly if it cannot raise enough cash to honour the conditions of its licence.
