Hong Kong Airlines in talks with Air China, others for strategic lifeline after earlier white knights balked at HNA Group’s price


Hong Kong Airlines Limited has turned to Air China and other parties for a strategic lifeline to reverse its financial woes, amid an impasse with a consortium of white knights after nearly nine months of fruitless negotiations, said three sources familiar with the matter.Air China, the nation’s flag carrier and biggest international airline, is among the parties in talks to begin due diligence on Hong Kong Airlines, the sources said. An earlier takeover bid by Citic Group, Wuxi Communications…

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