How an insolvent travel industry giant got back on track

How can a grounded business fly high again?

The HNA Group was already struggling when COVID-19 compounded its debt crisis.

It had seemed like an expansionist success story. Starting out as a one-aircraft operator in China’s southernmost province of Hainan in 1990, HNA became the country’s fourth largest airline after a decade of highly leveraged acquisitions.

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Aviation
Tourism

How to sell a travel business when no one is traveling

How do you rescue a grounded airline when everything is up in the air?

EY-Parthenon was appointed to handle Flybe’s administration after a build-up of pressure on the struggling airline.

The past 18 months have certainly been challenging for the travel industry, but it was events prior to the pandemic that led to the EY-Parthenon Turnaround & Restructuring Strategy team working with Flybe for the first time.

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Covid-19
Tourism
Aviation
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