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Old 14th Jul 2018, 03:02
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morningcoffee
 
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Originally Posted by Freehills
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.
Would lead you to believe Airbus didn't think they'd get paid even if they financed it themselves. Pity it's not Boeing and they could use EXIM to guarantee the payment, makes it easy to sell, for instance, 737's by the hundreds to anyone and I mean anyone who wants them.
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