Caissa Travel Group abandons Capital Airlines purchase

Dino D'Amore
By Dino D'Amore May 12, 2016 18:21

Caissa Travel Group abandons Capital Airlines purchase

HNA subsidiary, Caissa Travel Group, has abandoned plans to acquire HNA Group’s shareholding in Capital Airlines. The travel firm failed to secure the requisite regulatory approvals on time and has now abandoned plans to acquire the airline. It said in an exchange announcement however that it is proceeding with plans to raise CNY8 billion (USD1.2 billion) through a private share placement.

Dino D'Amore
By Dino D'Amore May 12, 2016 18:21