More than 40 188bet online sports betting in debt is about to mature，HNA Aviation Group Co., Ltd. (hereinafter referred to as "HNA Aviation"), an important business company under HNA Group, embarks on a major asset restructuring。

April 30, 2019，HNA Airlines price 16.Sold its Swiss airline catering company, Gategroup Holding AG (hereinafter referred to as "188bet online sports betting"), for US.4 billion。188bet online sports betting’s operating income in the most recent fiscal year accounted for more than 50% of HNA Airlines’ operating income in the same period。

188bet online sports betting is the world’s second largest airline catering company，It provides in-flight meals for more than 270 airlines around the world，Includes Delta Air Lines、American Airlines、easyJet、Emirates、United Airlines、Virgin Airways and others are its customers。

Public information display，HNA Aviation (Hong Kong) Air 188bet online sports betting Holding Co.,Subsidiary of Ltd (hereinafter referred to as "Hong Kong Air 188bet online sports betting")，Hong Kong Air 188bet online sports betting is a subsidiary of HNA Airlines。

About the sale of 188bet online sports betting airline food，HNA Airlines stated，The purpose of this transaction is “to implement the healthy development strategy of focusing on the main aviation industry，Divest non-aviation main business assets，Enhancing the cohesion of assets in the aviation main business”。

Named by Hainan Airlines，After completion of this sale，188bet online sports betting will not be included in the issuer’s consolidated statements，As Swiss Catering has remained an independent operation since the acquisition，Production and operation of HNA Aviation after sale、There will be no material adverse impact on the financial condition and solvency。

188bet online sports betting was established in 1992，Registered capital 2.3.3 billion Swiss francs，Listed on Swiss Exchange in 2009，2016～2017，Hong Kong Air Catering acquires all shares of 188bet online sports betting for approximately US billion，HNA Group CEO Tan Xiangdong becomes 188bet online sports betting’s chairman of the board。188bet online sports betting was delisted from the Swiss Exchange in 2017。

HNA Aviation 2018 Annual Report Display，As of the end of 2018，188bet online sports betting’s total assets are 30.8.1 billion Swiss francs (approximately 3.US.2 billion，21.6.8 billion yuan)，External liabilities are 25.8.8 billion Swiss francs (approximately 2.US billion，18.1.8 billion yuan)。

Airline 188bet online sports betting is a high cost、Low profit industry，Yuan Yaohui, Secretary General of the Airline 188bet online sports betting Branch of China Air Transport Association once revealed，A flight meal with a purchasing price of RMB 22，Air 188bet online sports betting companies can only earn about 1 to 2 yuan in net profit，The net profit margin is roughly between 5% and 10%。

According to HNA Airlines’ 2018 annual report，The total cost of Hainan Airlines’ seven main business operations is 465.4.9 188bet online sports betting yuan，The cost of the flight catering business alone is 250.7.5 188bet online sports betting yuan；At the same time, HNA Airlines’ total revenue in 2018 was 567.2 188bet online sports betting yuan，The revenue from the airline catering business segment is 334.9.3 188bet online sports betting yuan。

March 2018，In order to cope with HNA Group’s huge debt，188bet online sports betting seeks public listing again，According to its IPO plan，HNA Group will transfer 63% to 65% of Swiss Catering shares，In turn, it raised approximately US.4 billion。But hours before trading starts，This long-gestating plan was abandoned by HNA，The reason is that potential investors are deterred by the price of the transaction。

Reuters quoted a source familiar with the IPO process as saying，HNA Group gave up listing because it knew the value of 188bet online sports betting airline food，HNA Group is worried that its fundraising target may not be reached。

IPO inquiry by 188bet online sports betting，Reference price is CHF 16~21 per share，If calculated based on this target price，The market value of 188bet online sports betting is approximately 2.1 billion to 2.6 billion Swiss francs (approximately 2.2 billion to 2.8 billion US dollars)。

“Many investors are unwilling to participate，We also don’t believe that the market value of this company (188bet online sports betting) can exceed 1.9 billion to 2 billion Swiss francs，Not to mention 2.6 billion Swiss francs。" Reuters quoted a Zurich trader as saying。

However, this time HNA Group only ranked 16.188bet online sports betting was sold for US0 million。

*Source of this article: China Business Network, author of this article: Zhang Xiaodi，Original title: "HNA Airlines sold important subsidiaries for US.6 billion and was investigated by 188bet online sports betting prosecutors》.