China's HNA eyeing to invest $200 million in Indian aviation sector.

Chinese aviation firm HNA Group is eyeing to invest around $200 million in Indian aviation industry, said its president Tan Xiangdong.

'We are looking forward to an investment of between $150 to 200 million in the Indian aviation sector only if we get a viable domestic partner,' Xiangdong told PTI.

HNA Group is one of the biggest aviation conglomerates of China owning 16 airline companies with 528 aircrafts operating across the world. The group's flagship Hainan Airlines is one of the seven airlines awarded five-star rating by Skytrax.

HNA also have interests in shipping, logistics, financial services and hotel business.

With troubles hitting the Indian aviation industries and companies like Kingfisher and Spicejet facing crisis, Xiangdong said the group is very cautious about making investments in this sector of the country.

He said, 'We are keeping a regular tab on the Indian aviation business and are stepping cautiously about making any investments.

'On the other side, we are taking note of the progress made by recently setup Vistara and Air Asia India.'

HNA is also planning to enter travel agency business in India with an investment $50 million.


ET