HNA Group went bankrupt and reorganized. Although there is no way to pay back the money at present, if the reorganization is successful, the possibility of paying back the money in the future will not be ruled out.

During the restructuring period, HNA Group will stop paying historical arrears and adjust shareholders' rights and interests. Because the company is bankrupt and reorganized, it is actually insolvent, and shareholders' rights and interests naturally need to be cleaned up. This part of the money should be used to pay off debts. This is a common way to deal with debts.

I think this is actually a form of "debt-to-equity swap", but considering that the debtor may not be willing to participate in the daily operation of the company, there is another way, which is to introduce strategic investors and pay off the debt by injecting capital.

Of course, the debt scale of HNA Group is too large, mostly bank loans and institutional loans. Because there are too many stakeholders involved, it is more difficult to restructure the company.

HNA Group has also sold assets before, and the possibility of continuing to sell after the reorganization is completed.

However, it must also be noted that the development of HNA Group's aviation main business is still relatively good. According to public information, HNA Group has 14 participating airlines and a commercial fleet of nearly 700 aircraft, making it the fourth largest aviation group in China. These assets are high-quality assets of HNA Group, which have hematopoietic capacity and can realize positive cash flow. In the future, after the reorganization of HNA Group is completed, it is bound to rely on the benign operation of the main aviation industry to gradually pay its debts.

I am also an enterprise employee, and I want to say a word at the moment: enterprises are prosperous, but workers are bitter; When enterprises go bankrupt, workers suffer more. Now the network is concerned about the huge debt after the bankruptcy of HNA Group, and I am more concerned about the future outlet of navigation workers. By the way, HNA Group has come this far. Should the senior management of HNA Group be held accountable? Responsibility and responsibility should be the first condition for every business leader. If something goes wrong, it's still the employees who pay the bill!

The first thing to blame is how we caused so much debt. Secondly, there must be corruption in the formation of these debts. Third, we should reorganize the auction and revitalize assets.