HNA bets big on logistics

Air services provider HNA Group is planning to convert the economic crisis into an opportunity for its logistics business, according to its chairman.

"The financial crisis is reshaping the logistics landscape and this is the right time for us to build up the business," said Chen Feng, HNA chairman.

HNA, the parent of Hainan Airlines, said it has already made a beginning in this regard by floating Grand China Logistics Group, China's first aero-amphibious logistics provider.