HNA shelves second IPO in two weeks, defers Swissport share sale

HNA shelves second IPO in two weeks, defers Swissport share sale

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. is postponing a planned share sale in its aircraft ground handling company Swissport Group, roughly two weeks after abandoning a similar plan for its Swiss airline caterer Gategroup Holding AG.

Swissport Group, in a statement Tuesday, said it will defer the IPO “due to current market conditions.” The plan for an IPO was announced in late January, just before the recent surge in volatility.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter