HNA-Backed Hong Kong Airlines in Danger of Getting Wings Clipped

Embattled Hong Kong Airlines Ltd. (HKA) may again face the risk of losing its flying license due to financial concerns, a little more than a year after getting a reprieve from the local aviation authority.

The 14-year-old airline’s dilemma has emerged as the low-cost carrier’s major stakeholder, the once high-flying conglomerate HNA Group Co. Ltd., is dealing with its own financial problems.