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HNA Group, GLP announce strategic alliance.

AIRLINE INDUSTRY INFORMATION-(C)1997-2018 M2 COMMUNICATIONS

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HNA Group Chairman Wang Jian and Ming Z Mei, co-founder and CEO of GLP met in Sanya to announce a new strategic alliance that leverages each company's strengths and assets to establish a world global logistics network, offering customers across Asia and the world a more responsive and efficient service, the company said.

The collaboration will include a joint fund platform centered around investment and operation in aviation logistics infrastructures, as well as financial services and whole scale joint investments in all areas of the modern logistics value chain. The signing of the agreement allows HNA and GLP to combine their respective strengths and resources for the benefit of both parties and is sure to have a profound effect on the global logistics industry as a whole.

HNA Group is a global Fortune 500 company focused on aviation, tourism, logistics and financial services. Since its founding in 1993, HNA Group has evolved from a regional airline based on Hainan Island in southern China into a global company which as of the end of 2017 has over USD 145 billion of assets, over USD 100 billion in annual revenues, and an international workforce of 410,000 employees, primarily across America, Europe and Asia. HNA's logistics business is a provider of logistics and supply chain management with capabilities in shipping and equipment manufacturing, maritime transportation, third-party payment platforms and project finance. For more information, visit www.hnagroup.com

GLP is the global provider of logistics solutions. Through its network of strategically located properties and ecosystem partners, GLP is able to offer both space and technology-led solutions to drive value for its customers. GLP is one of the world's largest real estate fund managers, with over USUSD 46 billion of assets under management and a global portfolio of 59 million square meters (636 million square feet) spread across eight countries globally. GLP is the largest owner and operator of modern logistics facilities in China, with a 30 million square meter (319 million square feet) portfolio across 38 strategic submarkets. For more information, visit www.glprop.com

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Publication:Airline Industry Information
Date:Mar 5, 2018
Words:362
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