Yes I came to pprune to listen to well-connected authorities like "unitedcx" whose speculation was consistently and wildly inaccurate. Should have stuck with my own sources from the HK Club. Below was from April. Leaks at the time, about a week before the latest fuel hedge fiasco became known, said the situation hopeless without a government bail out and that the "they'd" got it wrong again with fuel.
Only murmurs I'm hearing now are jobs must be saved for locals.
Originally Posted by
Gnadenburg
Yes, this is bailout territory now. Was heartening to hear rumours of the ease of credit available recently. But if its paying off a bad fuel hedge bet, rumours of a government intervention requirement plausible and where will Air China play out?
The intent of a more rapid transfiguration of Hong Kong, aided by a crisis, will have implications for a highly visible flagship.