Deals
China’s HNA Group to Invest in Turkish Cargo Airline ACT
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HNA Group Co., controlled by China’s Hainan provincial government, said it will invest in a Turkish cargo airline as it seeks to expand in Europe.
The investment in ACT Airlines Inc. will help the Istanbul-based carrier more than double its fleet to 10 freighters within two years, HNA said in an e-mailed statement today, without disclosing financial details.