PPRuNe Forums - View Single Post - China's HNA disclose embezzlements of nearing $10 billion
Old 2nd Feb 2021, 02:51
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FlightDetent

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atakacs

Via Bohai Leasing (the sole aircraft leasing company licenced in mainland China) owns Avolon Leasing who is a prime player. Not to mention what once was full 14 airlines owned by the group. Probably half the foreign pilot headcount in CAAC land had been working for them pre-covid, on some of the finest deals too.

Given their fleet size, any out-of-the box solutions could ripple the industry globally. For instance, if the rulers of China nationalize part of it (happened already as the state-owned banks purchased a great deal of HNA's outstanding debts) and decide to use the airline group for nursing the COMAC C919 to operational maturity. Perhaps even arbitrarily ousting the 737MAX from the domestic market to make room, that's a sure landscape changer.

What kind of deal they will offer to foreign pilots in the future if any at all will shape our job marketplace significantly.
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