Business

HNA Group, Temasek Ink MOU to Boost Aviation, Logistics

Chinese conglomerate HNA Group and Singapore state-owned holding company Temasek have signed a Memorandum of Understanding (MOU) to explore opportunities in aviation and logistics, and airport infrastructure.

Temasek’s Chia Song Hwee and HNA Group’s Adam Tan at the signing ceremony. Photo: HNA Group

Chia Song Hwee, President and Chief Operating Officer of Temasek said, "Temasek is a long-term commercial investor. We are keen to explore investments which support longer-term trends for a better, smarter and connected world of tomorrow. 

“This Memorandum of Understanding between HNA and Temasek signals the interest of our two organizations to explore common business interests and pursue opportunities to work together. In particular, opportunities in aviation, international travel and related businesses reflect the growing demands of higher incomes and a more interconnected world."

Adam Tan, Chief Executive Officer of HNA Group said, "HNA Group is a global company focused on tourism, logistics and financial services with significant operations globally. We greatly look forward to exploring mutually beneficial opportunities with Temasek.

“Our business can benefit from Temasek's investment expertise, and equally Temasek can benefit from our experience in aviation and logistics not only in China but globally."