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Embattled Hainan Airlines eyes US$1.8 bn in bank loans

Hainan Airlines, a carrier affiliated with the conglomerate HNA Group, is planning to borrow 7.5 billion yuan (US$1.08 billion) from banks, according to a company statement, The Paper reported. The National Development Bank is the lead and agent bank, which will provide the company with 1.5 billion yuan. Six other banks including, Exim Bank of […]

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