Hainan Airlines Airbus commercial passenger aircraft is pictured in Colomiers near Toulouse, France, Nov 26, 2018. [Photo/Agencies]

HNA Group – parent company of Hainan Airlines — has received notice from the Hainan Supreme People’s Court its creditors have applied to the court for bankruptcy and restructuring after failing to repay debts, according to a statement from the company.

The company said it will comply with the court’s investigation and carry out debt disposition. It will support the court in protecting creditors’ lawful rights and ensuring the company’s smooth operation.