海航

Wang leaves behind a tangled web at HNA

The sudden death of HNA co-chairman Wang Jian after an accident in France has complicated restructuring at the China aviation-to-finance conglomerate, which has been ordered by Beijing to return to its aviation roots after an aggressive international acquisition spree.

Mr Wang, 57, died on Tuesday after falling off a wall near a church in Provence. A former civil aviation official, he directed most of the operations at the company he had jointly headed since it was founded in the early 1990s.

Mr Wang was seen as the driving force behind the $40bn spending binge that turned HNA from a regional airline into a conglomerate with stakes in businesses ranging from Hilton Worldwide to Deutsche Bank.

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