Originally Posted by
Air Profit
That story is a distraction at best. The real issue is that HNA Group is in serious trouble, as is HKA. Cancelled routes, cancelled ac orders, and a bond payment due in a few weeks that few in the industry feel they will be able to pay. They might survive, but the odds look long at the moment.
So it's only a matter of time before HKA goes under? I suppose HNA can always try to sell HKA, but would there be a buyer? Or maybe more and more problems will appear in management and operations such that the CAD will deliver the coup de grace by revoking HKA's AOC? Although correct me if I am wrong, the CAD has never taken such an extreme step before, right?