China's HNA Group said on Wednesday the management of its core aviation business, including Hainan Airlines 600221.SS , will be transfered to the strategic investor Liaoning Fangda Group, as of Dec. 8.
Gu Gang, an official appointed by local government to resolve the years-long debt risks at the company, will no longer serve as the Communist Party secretary, HNA said in a statement on its official social media account.
(Reporting by Stella Qiu and Brenda Goh; Editing by Jacqueline Wong)
