Fragrant Harbour A forum for the large number of pilots (expats and locals) based with the various airlines in Hong Kong. Air Traffic Controllers are also warmly welcomed into the forum.

HNA going down?

Old 19th Jun 2018, 00:49
  #1 (permalink)  
Thread Starter
 
Join Date: Mar 2013
Location: HK
Posts: 122
Likes: 0
Received 0 Likes on 0 Posts
HNA going down?

A3301FD is offline  
Old 19th Jun 2018, 01:03
  #2 (permalink)  
 
Join Date: Nov 2015
Location: HK-CRoC
Posts: 749
Likes: 0
Received 0 Likes on 0 Posts
HNA

HNA group is/was a mainland sponsored/enabled/backed pyramid scheme from the get go. A bunch of mainland elites ran around the world throwing mainland cash away as fast as they possibly could (now what's that word when persons/companies are moving money out of a country ??) and finally it has caught up to them. Crunch.
It is now teetering on a total collapse - what a surprise..
Corruption at its highest level 100% enabled by totally incompetent "connected" elites.
Flex88 is offline  
Old 19th Jun 2018, 02:27
  #3 (permalink)  
 
Join Date: Nov 2013
Location: Earth
Posts: 330
Likes: 0
Received 5 Likes on 2 Posts
Well if HNA collapses that will surely solve CXs crewing problem
TurningFinalRWY36 is offline  
Old 19th Jun 2018, 03:24
  #4 (permalink)  
 
Join Date: Feb 2018
Location: #N/A
Posts: 80
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by TurningFinalRWY36
Well if HNA collapses that will surely solve CXs crewing problem
and remove any HK based (non LCC) competition from the market. Not ideal for the SLF
rationalfunctions is offline  
Old 19th Jun 2018, 05:10
  #5 (permalink)  
 
Join Date: Mar 2015
Location: Hong Kong
Posts: 83
Likes: 0
Received 0 Likes on 0 Posts
Surely the entire operation would not go kaput overnight. One would think that they could sell off bits and pieces including HKE and HKA which have both had rumors of buyers since news broke that HNA Group had more or less pooped the bed. Would the HK government let SWIRE/CX buy the assets though? That would be one question, and how would other buyers, which have been rumored like Air Asia, navigate the ownership laws?
azhkman is offline  
Old 19th Jun 2018, 05:13
  #6 (permalink)  
 
Join Date: Dec 1998
Posts: 183
Likes: 0
Received 0 Likes on 0 Posts
Although I don't believe there is a threat to HKA's future, it is fair to say that there will be a long list of suitors interested in purchasing the entire operation if that becomes necessary. It is also safe to say that politically CX will not be allowed to be the purchaser. HK's future in Hong Kong is fairly secure. In fact, I would say that the long term question of survival is more appropriately directed to CX.
mngmt mole is offline  
Old 19th Jun 2018, 11:28
  #7 (permalink)  
 
Join Date: Mar 2018
Location: At home
Posts: 11
Likes: 0
Received 0 Likes on 0 Posts
Would that explain why the all the hype of a "Great leap forward" expansion strategy earlier this year suddenly disappeared into thin air? It seems to me like the proposed routes to London, Maledives and Manila have been scrapped and never to be heard again.
shinytubedreamer is offline  
Old 19th Jun 2018, 11:29
  #8 (permalink)  
 
Join Date: Dec 2017
Location: Global Citizen
Posts: 144
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by azhkman
Surely the entire operation would not go kaput overnight. One would think that they could sell off bits and pieces including HKE and HKA which have both had rumors of buyers since news broke that HNA Group had more or less pooped the bed. Would the HK government let SWIRE/CX buy the assets though? That would be one question, and how would other buyers, which have been rumored like Air Asia, navigate the ownership laws?
The sell off has already started.

https://newsroom.aviator.aero/hna-co...and-swissport/

https://www.bloomberg.com/news/artic...wood-investors
stormfury is offline  
Old 19th Jun 2018, 13:26
  #9 (permalink)  
 
Join Date: May 2006
Location: dowund
Posts: 87
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by shinytubedreamer
Would that explain why the all the hype of a "Great leap forward" expansion strategy earlier this year suddenly disappeared into thin air? It seems to me like the proposed routes to London, Maledives and Manila have been scrapped and never to be heard again.
No scrapped, my understand LHR involve of slots issue, MNL & MLE already in service, read recent news a HKA cabin crew during layover MLE join a tour to Club Med Kani got accident and flew back by air ambulance ...
cpahka is offline  
Old 19th Jun 2018, 16:23
  #10 (permalink)  
 
Join Date: Aug 2006
Location: The Cesspit
Posts: 399
Likes: 0
Received 0 Likes on 0 Posts
“Great Leap Forward”?
Well there’s their problem in a 3 word slogan. Complete amateurs. Don’t they know it’s “Time to Win”?
Embarrassingly inept.
Progress Wanchai is offline  
Old 20th Jun 2018, 00:46
  #11 (permalink)  
 
Join Date: Jul 2005
Location: Hong Kong
Posts: 1,117
Likes: 0
Received 0 Likes on 0 Posts
Unhappy

Originally Posted by Progress Wanchai
“Great Leap Forward”?
Well there’s their problem in a 3 word slogan. Complete amateurs. Don’t they know it’s “Time to Win”?
Embarrassingly inept.
Didn’t the last “Great leap forward” kill 30 million people?
Frogman1484 is offline  
Old 20th Jun 2018, 01:39
  #12 (permalink)  
 
Join Date: May 2002
Location: up here, everyone looks like ants!
Posts: 966
Received 0 Likes on 0 Posts
Swires have no desire to stay in the airline business. They'll dump CX as soon as they can turn a massive profit. My best guess is 14 months.

SQ/Temasek are salivating at the thought of getting into HKG, especially with a turnkey LCC like HNA.

MY money is on SQ.
Cpt. Underpants is offline  
Old 21st Jun 2018, 06:02
  #13 (permalink)  
 
Join Date: Mar 2015
Location: Hong Kong
Posts: 83
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by Cpt. Underpants
Swires have no desire to stay in the airline business. They'll dump CX as soon as they can turn a massive profit. My best guess is 14 months.

SQ/Temasek are salivating at the thought of getting into HKG, especially with a turnkey LCC like HNA.

MY money is on SQ.
As awesome as this would be, would Singapore have to establish a HK Entity through an investment with a local stooge playing the part of fat-cat business owner with at least 34% on paper? Not saying it is not doable, but CX would go ape. Should make for some good reading in the SCMP / Standard though. I'm happy to be the stooge, but I'll need someone to front my capital contribution.
azhkman is offline  
Old 4th Jul 2018, 11:46
  #14 (permalink)  
 
Join Date: Dec 2017
Location: Global Citizen
Posts: 144
Likes: 0
Received 0 Likes on 0 Posts
Things are going from bad to worse.

Co-chairman of China's HNA dies in accident in France.

https://asia.nikkei.com/Business/Co-...dent-in-France
stormfury is offline  
Old 4th Jul 2018, 17:54
  #15 (permalink)  
 
Join Date: Aug 2015
Location: Hong kong
Posts: 98
Likes: 0
Received 0 Likes on 0 Posts
Very sad outcome , the sceptic in me has to wonder if it was it an accident , or did someone give him a hand ?
Tea time is offline  
Old 5th Jul 2018, 02:12
  #16 (permalink)  
 
Join Date: Nov 2015
Location: HK-CRoC
Posts: 749
Likes: 0
Received 0 Likes on 0 Posts
Sceptic ???

Originally Posted by Tea time
Very sad outcome , the sceptic in me has to wonder if it was it an accident , or did someone give him a hand ?
You don't have to be a sceptic to wonder what happened...
Why would he be on a "holiday" in France when the entire company is tanking ??? Would you?
This is, pure and simple, Capitalism "with Asian Values".
Flex88 is offline  
Old 5th Jul 2018, 02:32
  #17 (permalink)  
 
Join Date: Jul 2007
Location: with the other ex-CX pond scum (a zoologist was once head of Flight Ops)
Posts: 1,850
Received 48 Likes on 20 Posts
Looks like he took a great leap backward.

https://finance.nine.com.au/2018/07/...r-dies-in-fall
Captain Dart is offline  
Old 5th Jul 2018, 04:09
  #18 (permalink)  
 
Join Date: Jan 2008
Location: Hong Kong
Posts: 744
Likes: 0
Received 0 Likes on 0 Posts
the sceptic in me has to wonder if it was it an accident , or did someone give him a hand ?
Apparently fell off a wall when posing for a photograph......
broadband circuit is offline  
Old 5th Jul 2018, 15:04
  #19 (permalink)  
 
Join Date: Apr 2009
Location: HKG
Age: 53
Posts: 299
Likes: 0
Received 0 Likes on 0 Posts
Well.... If HNA Falls over... There will be a surplus of A50 and A330 drivers available for direct entry and throw a spanner in the Cc and TB so called upper hand!
RAT Management is offline  
Old 6th Jul 2018, 03:03
  #20 (permalink)  
 
Join Date: Dec 1998
Posts: 183
Likes: 0
Received 0 Likes on 0 Posts
No one will train that demographic under those circumstances. Regardless, HKA isnt going anywhere.
mngmt mole is offline  

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.