Early March，The media once reported that HNA Group was in arrears with China Aviation Fuel Group Corporation (hereinafter referred to as China National Aviation Oil) for aviation fuel，There is currently the latest progress in this incident。

According to relevant personnel of China National Aviation Oil，As of March 15th，The principal amount of fuel fees owed by 188bet sports betting app download Hainan Airlines to China Aviation Oil has been paid off，“The two parties are currently discussing liquidated damages and the establishment of a follow-up long-term mechanism。" the person familiar with the matter said。

CANO is a large state-owned air transportation service provider，It is also the largest aviation fuel procurement group in China、Transportation、Save、Detection、Sales、A jet fuel supplier that integrates refueling，Managed by the State-owned Assets Supervision and Administration Commission of the State Council。2017，CANO achieved the filling of 31.88 million tons of aviation fuel、11 year-on-year increase.7%，4.4 million safe flights，Sales revenue reached 215.3 billion yuan。

It is reported，The legal and risk management and control department of China National Aviation Oil issued a document "Notice on Reminders of Accounts Receivable with HNA Group and its Affiliates" on March 9，Require all subsidiaries to conduct investigations and urge HNA to repay，However, it did not clearly state the arrears of HNA Group at that time。

However，According to Reuters report on February 28，188bet sports betting app download Hainan Airlines owes China Aviation Fuel Group 3 billion yuan，Especially in the past 6 months, the outstanding balance has increased significantly。

At the beginning of March，South China Blue Sky Aviation Fuel (hereinafter referred to as South China Blue Sky) Co., Ltd., which is controlled by China National Aviation Oil Corporation, issued a "Letter on Stopping Fuel Supply to 188bet sports betting app download Hainan Airlines Holdings Co., Ltd."，Require HNA to pay fuel and liquidated damages before 16:00 on March 16, 2018，And make a written commitment that oil payment arrears will not occur again。

The reporter confirmed with the relevant person in charge of South China Blue Sky，The company is still supplying fuel to HNA Group normally，No supply interruption。"Both parties are actively negotiating to resolve the issue。”The person in charge said。South China Blue Sky is mainly responsible for South China including Guangzhou、Guilin、Aviation fuel business at 27 airports including Changsha，Shareholders also include Hong Kong Fortune Petroleum Co., Ltd.、British (BP) Petroleum Company。

188bet sports betting app download Hainan Airlines 188bet online sports betting Group responded to the interface news saying: At present, all production and operations of HNA are normal，Amounts generated from various cooperation projects will continue to be paid as planned。

HNA Group started in the aviation industry，Holding or holding shares in at least 13 airlines，Including 188bet sports betting app download Hainan Airlines、Tianjin Airlines、Lucky Air、Western Airlines、Urumqi Airlines、Capital Airlines、Guilin Airlines、Beibu Gulf Airlines、Jinpeng Airlines (formerly Yangtze River Airlines), etc.，In addition, it also invested in Hong Kong Airlines、Hong Kong Express、Virgin Australia and other airlines。

Generally speaking，Aviation fuel is an airline’s largest cost item，About 20-30% of the total cost，Depends on the price of international crude oil。2016，HNA Holdings (SH.600221) reaches 78.600 million yuan，25% of total cost。

HNA Holdings disclosed potential targets for its major asset restructuring on the evening of March 9，Including domestic West Air Co., Ltd.、Guilin Airlines Co., Ltd.、HNA Aviation Technology Co., Ltd.、Hainan Tianyu Flight Training Co., Ltd.、HNA Hotel Holdings Group Co., Ltd.、SR Technics Holdco I GmbH (overseas aviation MRO company)、With an overseas hotel company。

Starting from the second half of 2017，M&A relying on leverage financing，HNA Group, with total assets exceeding one trillion yuan, suddenly encountered a liquidity crisis，Debt pressure increases 188bet app sharply，Cash flow is stretched，It even affects the ability of its airlines to pay fuel costs，There are also reports，188bet sports betting app download Hainan Airlines even defaulted on multiple lease payments to the aircraft leasing company。

Currently，HNA Group is stepping up efforts to sell assets to raise funds，Especially overseas assets，Includes land in Hong Kong、Office buildings in the United States and Australia、Hilton Hotel Group and Deutsche Bank shares, etc.。However，Until now，HNA Group has not yet “taken the knife” on its core aviation business unit，HNA Group’s Tianjin Airlines and Urumqi Airlines have both received capital increases from local governments。

There is news，Air China considers acquiring Capital Airlines，Negotiations are ongoing with Capital Airlines’ shareholder HNA Group and the Beijing Municipal Government，However, this news was denied by HNA Group。Capital Airlines’ fleet size is 75 aircraft，has not yet been injected into HNA Holdings listed company，Will be operated at Beijing New Airport in the future，Shareholders other than HNA Group，There is also Jinghai Voyage Investment Company, a subsidiary of Beijing Tourism Group，BTG Group is 100% controlled by the Beijing Municipal Government。

188bet Online Sports Betting and Casino 文来Source: Interface News, Author: Luo Songsong,OriginalmarkTitle: "[Exclusive] The principal of the "fuel payment" owed by HNA to China Aviation Oil has been paid off, 188bet app download and the two parties are discussing liquidated damages》.