Hong Kong Airlines IPO rumours; IATA issues bleaker forecast

Hong Kong Airlines is again considering an initial public offering (IPO), according to a report by Reuters based on its view of a document that states the HNA-owned carrier is seeking to raise $350 million through the issue of new shares and $550 million via convertible or tradeable bonds. Should the plan go ahead, the new issuance would expand the carrier’s equity base by 22% and value it at $1.6bn, says Reuters. The concerned parties have not commented publicly but the debt burden of HNA Group is well known to the market and a capital increase for one of its