Harneys advises on US$910 million acquisition financing for Hainan Airlines affiliate

Harneys advised a syndicate of banks led by Industrial and Commercial Bank of China Limited, and their onshore counsel Milbank, Tweed, Hadley & McCloy, in relation to the US$910 million financing of the acquisition of Swissport International by HNA Group in January 2016.
HNA Group is an affiliate of Hainan Airlines, the largest privately owned air-transport company and the fourth-largest airline in terms of fleet size in the People's Republic of China. Swissport International is the world’s leading service company to airlines and airports.
Harneys Partner Colin Riegels provided Cayman law advice on the financing.