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24-Oct-2011 9:55 PM

HNA Group and Bravia Capital Complete Acquisition of MyCargo Airlines

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24-Oct-2011 Bravia Capital (Bravia), a private equity investor based in Hong Kong and HNA Group Co., Ltd. (HNA) of China, announced today that they have completed the acquisition of ACT Airlines, Turkey. ACT Airlines is an air cargo operator based in Istanbul, Turkey. The transaction represents the strategic expansion of China's global footprint into the high-growth marketplace of Turkey and surrounding regions, and allows Bravia and HNA to build a cargo platform to capitalize on the growing Eurasian cargo traffic. ACT Airlines has been rebranded and will trade as "MyCargo Airlines.

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