Travana Inc. was an online travel agency (OTA) co-founded in 2015 by Jason Chen, an American entrepreneur. The company was headquartered in San Francisco, California and used janbala.com as its online representation. About 90% of Travana's equity stake was owned by HNA Group, a Chinese conglomerate based in Haikou, Hainan, China. However, Travana suddenly closed amid controversies in 2016 after only 14 months of operation.[1]
History
Travana, Inc. was registered with the Airlines Reporting Corporation (ARC) and the International Association of Travel Agents Network (IATAN). It operated in San Francisco, Chicago, and Manila in the Philippines. In August 2016, Travana launched an online a travel agency called Janbala.com.
HNA, a Chinese conglomerate, approached Travana in early 2015. In November 2015, HNA committed US$50 million in funding in exchange for a 90% equity stake with a pending investment of $150 million in the new venture.[2]