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Cash-Strapped HNA Puts Fleet of Luxury Jets Up for Sale

  • Dozens of jets managed by HNA’s Deer Jet could also be sold
  • Some of the planes for sale were reserved for HNA executives
A Gulfstream Aerospace Corp. G550 stands near a Deer Jet Co. Ltd. hanger in Beijing in 2011.
A Gulfstream Aerospace Corp. G550 stands near a Deer Jet Co. Ltd. hanger in Beijing in 2011.Photographer: Nelson Ching/Bloomberg
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HNA Group Co. is in talks to sell a fleet of private jets, including a $70,000-an-hour retrofitted Boeing 787 and some planes reserved for its leaders, as the debt-laden Chinese conglomerate continues to grapple with liquidity challenges, according to people familiar with the matter.

HNA is offering to sell dozens of private jets operated by subsidiary Deer Jet Co. to potential buyers, the people said, asking not to be identified discussing a private matter. The luxury planes, many of which were rented out to ultra-wealthy fliers, include models from Airbus SE, Bombardier Inc, Dassault Aviation SA and Gulfstream Aerospace Corp., according to the people.