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Hainan Airlines calls bondholders for meeting on plan to defer debt repayment amid liquidity squeeze

Summary:
[unable to retrieve full-text content]Hainan Airlines is calling a meeting with bondholders this week to seek a delay in repayment, citing tight liquidity as the coronavirus pandemic slammed travel and carriers worldwide.The airline, part of the debt-stricken HNA Group, is holding a conference call at 2pm local time April 10 with holders of its 750 million yuan (US6.4 million) 4.35 per cent bond, according to a Shanghai Clearing House filing on Tuesday. The 270-day bond matures on April 17.Revenue has dropped significantly due…

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[unable to retrieve full-text content]
Hainan Airlines is calling a meeting with bondholders this week to seek a delay in repayment, citing tight liquidity as the coronavirus pandemic slammed travel and carriers worldwide.The airline, part of the debt-stricken HNA Group, is holding a conference call at 2pm local time April 10 with holders of its 750 million yuan (US$106.4 million) 4.35 per cent bond, according to a Shanghai Clearing House filing on Tuesday. The 270-day bond matures on April 17.Revenue has dropped significantly due…

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