With Its Chinese Parent Company on the Verge of Bankruptcy, the Fate of Ghana’s Africa World Airlines Looks Grim

Image via Africa World Airways.

The future of Ghana’s largest airline is up in the air now that its parent, Hainan-based HNA Group, has effectively buckled under the weight of almost $100 billion of debt and widespread reports of embezzlement. 

Under a restructuring plan, the government announced HNA’s non-aviation assets would be sold but it’s not clear if that also includes Africa World Airlines given that it’s one of the only non-Chinese airlines in the ailing company’s portfolio.

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by Eric Olander

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