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Old 13th July 2018 | 02:17
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Freehills
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Joined: Apr 2002
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From: HK
Airbus faces a logjam of undelivered A330 jets worth well over $1 billion for airlines affiliated to China's debt-laden HNA Group following a stand-off over late payments. Companies belonging to the Chinese conglomerate have delayed payments for several months, leading Airbus to withdraw deliveries rather than step in to finance the aircraft itself.
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