In the course of the bankruptcy of the Chinese HNA group, the top management was arrested. The company said that General Manager Tan Xiangdong and Chairman of the Board of Directors Chen Feng are in custody.

Both official China and the HNA Group are taciturn about the exact reasons. It is merely pointed out that the two managers are under suspicion that criminal acts may have taken place.

However, this should not have any influence on the break-up of the group of companies. This should - as announced a few days ago - be carried out. The HNA Group has risen massively through spectacular takeovers in the aviation and tourism sector and has got into such difficulties that bankruptcy had to be filed.