Haikou, Hainan province-based Chinese conglomerate HNA Group Co., Ltd. has agreed to acquire air cargo services firm Swissport International Ltd. from European private equity firm PAI Partners for approximately US$2.8 billion, according to a company announcement. HNA Group, the parent of China's Hainan Airlines, is buying 100% of Swissport. The deal will compliment the group's […]
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