HNA going down?
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From: HK
Joined: Nov 2015
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From: HK-CRoC
HNA
It is now teetering on a total collapse - what a surprise..
Corruption at its highest level 100% enabled by totally incompetent "connected" elites.
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From: Hong Kong
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?
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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.
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From: At home
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.
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From: Global Citizen
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?
https://newsroom.aviator.aero/hna-co...and-swissport/
https://www.bloomberg.com/news/artic...wood-investors
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From: dowund
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 ...
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From: Hong Kong
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From: up here, everyone looks like ants!
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.
SQ/Temasek are salivating at the thought of getting into HKG, especially with a turnkey LCC like HNA.
MY money is on SQ.
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From: Hong Kong
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.
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From: Global Citizen
Things are going from bad to worse.
Co-chairman of China's HNA dies in accident in France.
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From: HK-CRoC
Sceptic ???
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".
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From: with the ex-CX pond scum (a zoologist was once head of Flight Ops)