HNA Group’s American subsidiaries asked, and received, bailout funds from US government’s relief programme

HNA Group, the troubled conglomerate that’s being taken over by the Chinese state, is among recipients of the billions of dollars in coronavirus-relief loans handed out by the US government.HNA Group North America and HNA Training Center NY, two of the Haikou, Hainan-based group’s units, got between US$350,000 and US$1 million each from the Paycheck Protection Program, a list posted by the US Department of the Treasury showed.The programme was introduced earlier this year by the US Small…

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