At the end of April, HNA Holdings made new progress in the property of 572 million yuan frozen by China Aviation Oil. On May 28, HNA Holdings told the Beijing News that it had maintained positive and friendly communication with China Aviation Oil, and all cooperation funds were paid as planned.

According to a civil ruling issued by the referee's paper on May 21, CNAF applied to the Beijing Arbitration Commission (Beijing International Arbitration Center) for property preservation, requesting the freezing of approximately 572 million yuan of deposits or seizures in the bank account of HNA Holdings. And seize other equivalent assets. At the same time, China Aviation Oil also filed a lawsuit in the court.

The court held that China Aviation Oil's application complies with the law and made a ruling on April 29: freezing, seizing or seizing property of HCS Holdings worth about 572 million yuan. The ruling begins immediately.

China Aviation Oil was established in September 2005 and provides oil supply services to more than 190 domestic and foreign airlines at more than 160 airports across the country. The cooperation relationship with HNA Holdings has a long history. The airlines of HNA Holdings are the main suppliers of oil. 

Aviation lawyer Zhang Qihuai said that China Aviation Oil has two kinds of cooperative relations with major airlines all over the country. First of all, it is also quite common to establish a fixed, long-term and stable relationship with airlines. Under this circumstance, the airlines use oil not once or for the first time, and can accumulate to a certain extent periodically, irregularly, quantitatively and quantitatively. On the other hand, for example, most foreign airlines use oil once and the price is on the market, which is less.

Regarding the lawsuit of HNA Holdings and China Aviation Oil, Zhang Qihuai believes that in some cases, China Aviation Oil will first refuel to prevent airlines from delaying flights. Due to financial constraints, HNA Holdings will not be able to pay for oil for a long time. dispute.

HNA Holdings responded today (May 28) that HNA Holdings has always cherished a good relationship with China Aviation Oil and maintained active and friendly communication. At present, all production and operation of HNA Holdings are normal, and various cooperation funds are continuously paid as planned.

HNA Holdings is the main carrier of HNA Group Co., Ltd., which owns Hainan Airlines brand and holds Tianjin Airlines and Beibu Gulf Airlines. This is not the first time that HNA Holdings has encountered the use of judicial means to collect debts. According to the referee's paper network, Shenzhen Chengyuan Aviation Oil Co., Ltd. sued in 2018, requiring Hainan Airlines to pay a total of about 106 million yuan in liquidated damages, oil balances and overdue oil principals.