China's HNA abandons Swiss listing plan for airline caterer Gategroup

China's HNA abandons Swiss listing plan for airline caterer Gategroup

FILE PHOTO: A customer (L) stands in front of a counter of Hainan Airlines at an airport in Haikou, Hainan province, China, July 29, 2014. REUTERS/Stringer/File Photo

Airline caterer Gategroup, part of China’s cash-strapped conglomerate HNA Group, has ditched plans to list on the Swiss stock exchange in a deal valuing the company at up to $2.8 billion.

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