HNA stymied in attempt to sell out of $8.5b plane lessor

HNA stymied in attempt to sell out of $8.5b plane lessor

Signage for HNA Group Co. is displayed atop the company's building in Beijing, China, on Thursday, Feb. 1, 2018. Photographer: Giulia Marchi/Bloomberg

HNA Group Co. has been stymied in an attempt to sell out of plane lessor Avolon Holdings Ltd., in what would have been one of the indebted Chinese conglomerate’s biggest divestments to date as it unwinds a global deal spree, people with knowledge of the matter said.

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