The chairperson of embattled conglomerate HNA Group, which operates several China airlines, has been barred from flying and luxury spending after the company failed to pay a court-ordered US$107,000 in compensation to an investor.

Chen Feng will also be banned from booking soft sleeper seats on trains, traveling first class or second class on ferries and sending his children to private schools, among other spending restrictions set out in a court document on Tuesday.

The ban stems from an investment dispute in 2019 involving HNA’s online investment platform Jubaohui. HNA was accused of failing to return money owed to an investor named Chai Jing, who took the case to court. HNA was subsequently ordered to pay Chai 726,878 yuan (US$107,000) but has only cleared 5,600 yuan so far, the document said.

Chen took the helm of HNA after former chairperson Wang Jian fell to his death in France in 2018.

Headquartered in Hainan, the cash-strapped company has been selling off assets to pay off debts in recent years. In April, it sold a 20-story office tower in Shanghai to a state-backed debt manager for 3.6 billion yuan. The move came after the Hainan government established a special taskforce in February to help HNA resolve its liquidity issues.

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