HNA Group Chairman Wang Jian dies in accident in France

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hna group wang jian
HNA Group Chairman Wang Jian.

Wang Jian, the chairman of high-profile Chinese language conglomerate HNA Group, has died in an accident, the corporate mentioned Wednesday.

Wang, 57, suffered critical accidents after falling Tuesday whereas on a enterprise journey in Provence, France, HNA mentioned.

“HNA Group extends deepest condolences to Mr. Wang’s household and lots of associates. Collectively, we mourn the lack of an exceptionally gifted chief and function mannequin,” the corporate mentioned in a press release.

Wang was one of many founders of HNA, which began out as a regional airline greater than 20 years in the past and grew right into a Fortune 500 firm.

Police within the Vaucluse space of Provence informed CNN that Wang fell 10 to 15 meters (33 to 49 ft) after climbing on a wall for a photograph.

Wang was visiting a church within the village of Bonnieux with colleagues and associates, police mentioned. They added that their investigation to date prompt his loss of life was an accident.

Aviation background

Wang, a former CEO of HNA, constructed his profession within the aviation business, in response to his official biography. He began out in civil aviation planning in 1983.

HNA grew out of regional service Hainan Airways, which started operations in 1993. The conglomerate now has greater than 10 airways amongst its affiliated firms. It additionally has finance, logistics and know-how companies.

france bonnieux church
Police mentioned HNA Chairman Wang Jian died after falling from a wall on the village church in Bonnieux, southern France.

HNA went on a serious shopping for spree in recent times, snapping up huge chunks of main US and European firms — together with Deutsche Financial institution (DB) and Hilton (HLT).

Related: HNA just cut its stake in Deutsche Bank

But it surely racked up enormous money owed within the course of and has since reversed course, selling assets to ease monetary pressures as authorities in China cracked down on aggressive abroad deal-making by Chinese language firms.

Wang had a level in airline administration from the Civil Aviation College of China and an MBA from the Maastricht College of Administration within the Netherlands.

He was one among two chairmen of HNA Group, in response to the corporate’s web site. The opposite is Chen Feng.

— Serenitie Wang and Sam Bradpiece contributed to this report.

CNNMoney (Hong Kong) First printed July 4, 2018: 3:57 AM ET





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