The Straits Times
Published on Oct 23, 2012

Chinese HNA buys into French airline, steps into Europe


PARIS (AFP) - A Chinese firm has acquired an interest in a French airline for the first time with the announcement on Tuesday that HNA has acquired nearly half of Aigle Azur.

HNA is a diversified group which owns the fourth-biggest Chinese airline Hainan Airlines, and has tried for some time to gain a foothold in Europe.

HNA has acquired 48 per cent of Aigle Azur, the oldest airline in France, which now intends to open a route from Paris to Beijing for the beginning of the summer season in 2013.

The value of the deal was not disclosed.