Chinese conglomerate HNA Group, which operates Hainan Airlines and other businesses around the world, says its co-chairman has died while on a business trip in France.
HNA Group said Wang Jian, a co-founder of the company, suffered “severe injuries” in a fall and died Tuesday at age 57. It gave no other details.
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Launched in 1993 on the southern island of Hainan, HNA grew to become China’s fourth-largest airline and expanded into finance, hotels, logistics and other businesses in a multibillion-dollar global acquisition spree.
More recently, HNA has been selling some assets as Chinese regulators tighten lending controls and press companies to rein in debt.
