HNA Group and GLP Announce New Strategic Alliance

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 Chairman Wang Jian said, "HNA Group's partnership with GLP is another important step in HNA's mission to build our logistics platform, one of our key areas of focus along with aviation, tourism and financial services. This agreement allows HNA to continue to expand its services in all levels of the logistics value chain, utilizing the most technologically advanced systems available and cementing its position as a globally focused, industry-leading provider of high value logistics and supply chain management."

Ming Z Mei, co-founder and CEO of GLP said, "Aviation logistics has always been an important part of GLP's global logistics network and this agreement with HNA Group will greatly help GLP to increase the scale and growth of our aviation logistics operations globally. The joint efforts of our two companies to establish fund management platforms and co-operate closely in areas such as aviation logistics infrastructure, industrial parks, supply chain finance and the whole range of aviation logistics services will be a powerful combination. This agreement allows both parties to play to their respective strengths and grow our businesses globally, to build an advanced and comprehensive logistics network across the globe together."

About HNA Group

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 $145 billion of assets, over $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 leader in 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

About GLP

GLP is the leading 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 US$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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SOURCE HNA Group

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