HONG KONG AIRLINES A350
What about now ?
Join Date: Nov 2015
Location: HK-CRoC
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We're the government and we're here to help.
I promise I won't ...................
Join Date: Aug 2007
Location: Far Away
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Join Date: Apr 2016
Location: HK
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First of 2 going to LDE for long term storage. The aircraft which are going to LDE belong to AerCap not Hainan. HKA has 6 a350s, four belong to AerCap and 2 belong to ALAFCO. Reliable sources not that reliable I guess.... HKA is struggling as are we at the moment. They also have fundamental financial woes though, beyond the recent HK induced troubles. I doubt they will continue on long haul routes in the long term, perhaps even as soon as next year. I would not be surprised if they rethink their strategy and concentrate on regional flights only. I hear that we will be using their a350 sim as we have reached capacity and they have loads of sim availability.
Join Date: Dec 2005
Location: Hong Kong
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I believe that SAA are having issues finding enough money to pay their bills , I don’t know if the government gave them another injection of capital or not.
South African Airways (SAA) says that the latest cash injection from the South African government of 5.5 billion rand ($376 million) is not enough to keep it going. A presentation to the country’s lawmakers last Wednesday showed the 5.5 billion rand they approved for the 2019/2020 financial year was insufficient.
Having not made a profit for the last seven years, and with losses of 5.7 billion rand for the current financial year, South African Airways is in a difficult position.
In total, South African Airways debt is over nine billion rand of legacy debt and 3.5 billion rand of working capital that has been provided to them by the banks. During the presentation, the airline told the ministers that it needs a further two billion rand working capital between now and December.
South African Airways (SAA) says that the latest cash injection from the South African government of 5.5 billion rand ($376 million) is not enough to keep it going. A presentation to the country’s lawmakers last Wednesday showed the 5.5 billion rand they approved for the 2019/2020 financial year was insufficient.
Having not made a profit for the last seven years, and with losses of 5.7 billion rand for the current financial year, South African Airways is in a difficult position.
In total, South African Airways debt is over nine billion rand of legacy debt and 3.5 billion rand of working capital that has been provided to them by the banks. During the presentation, the airline told the ministers that it needs a further two billion rand working capital between now and December.
