April 12, 2018 / 5:32 AM / 5 months ago

REFILE-UPDATE 1-General Dynamics' unit buys HNA's Hawker Pacific for $250 mln

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April 12 (Reuters) - China's HNA Group is selling Hawker Pacific, an aircraft management services firm to General Dynamics Corp unit Jet Aviation for $250 million, the latest in a long line of asset sales for the debt-laden conglomerate.

The aviation-to-financial services conglomerate bought a 65.8 percent stake in Hawker Pacific in 2014. The Australia-based firm provides customers in Asia Pacific and the Middle East with aircraft and helicopter management services as well as supplies.

Hawker Pacific booked revenue of about A$185 million ($143 million) in the 2017 financial year, according to a HNA sales document.

Since the start of the year, HNA has agreed to sell more than $10 billion in prime real estate abroad as well as shares in Deutsche Bank, Park Hotels & Resorts, Hilton Grand Vacations Inc and Hilton Worldwide Holdings .

HNA signed a memorandum of understanding with Singapore state investor Temasek to explore partnerships in aviation and logistics on Tuesday.

$1 = 1.2907 Australian dollars Reporting by Aaron Saldanha in Bengaluru Editing by Muralikumar Anantharaman and Edwina Gibbs

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