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Hong Kong Airlines fighting to survive..

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Hong Kong Airlines fighting to survive..

Old 2nd Dec 2019, 23:32
  #21 (permalink)  
s6b
 
Join Date: May 2007
Location: Australia
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They borrowed a similar amount 12 months ago. I think this new loan arrangement might be about refinancing and operational costs for the Mothership not HKA.

I canít post links but look up ďHainan Airlines Loan dealsĒ and look for the report from Blue Swan Daily.
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Old 3rd Dec 2019, 03:37
  #22 (permalink)  
 
Join Date: Aug 2007
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With all the doom and gloom in the news about HKA would you(or any prospective passenger) buy a ticket on a future HKA flight? All that new cash can keep the airplanes in the air but a lot of those seats will be empty.
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Old 3rd Dec 2019, 08:36
  #23 (permalink)  
 
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Great plan, pay one credit card with another!!!
Wonder if HKA will see any of this “phantom” $$? Good times to be in the “creative accounting” business.
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Old 4th Dec 2019, 04:36
  #24 (permalink)  
 
Join Date: Apr 2019
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HNA owns less than 21% of HKA, possibly as little as 4% so idiots on here think HNA throws millions in while the majority shareholders do nothing? Have a look at forward bookings, 224K over 10 days, and do the math on flight loads. It ainít pretty
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Old 4th Dec 2019, 06:59
  #25 (permalink)  
 
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Where did you see the forward bookings data? Any link?
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Old 4th Dec 2019, 14:00
  #26 (permalink)  
 
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Looks like CITIC will buy them out...after being ordered by the CCP.
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Old 4th Dec 2019, 17:23
  #27 (permalink)  
 
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Originally Posted by Frogman1484 View Post
Looks like CITIC will buy them out...after being ordered by the CCP.
The revolver method always works...... In China...
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Old 5th Dec 2019, 15:15
  #28 (permalink)  
 
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So did the payroll come through?

The media is saying that staff would be paid today, did it happen?
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Old 5th Dec 2019, 20:24
  #29 (permalink)  
 
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It seems that the answer to the question I posted but is stuck with the mods awaiting approval is yes the staff were paid but the airline still needs cash which should appear by Saturday
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Old 5th Dec 2019, 21:58
  #30 (permalink)  
 
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Best wishes to all HKA staff. Some good people there, and they don't want to be subject to CX's cynicial exploitation should they fall. We should all want HKA to survive.
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Old 6th Dec 2019, 13:56
  #31 (permalink)  
 
Join Date: Dec 2019
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Is there anything already known about the saving of HKA?
How will they be able to repay a loan, if they're already making losses?
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Old 7th Dec 2019, 12:02
  #32 (permalink)  
 
Join Date: Apr 2019
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Originally Posted by Stuntpiloot View Post
Is there anything already known about the saving of HKA?
How will they be able to repay a loan, if they're already making losses?
bwahahahahahahaha. Repay the loan.
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Old 7th Dec 2019, 12:12
  #33 (permalink)  
 
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Originally Posted by Pickuptruck View Post

bwahahahahahahaha. Repay the loan.
LOL. This is how big corporations, big wealthy, and big governments survive. Rolling debt, rolling loans, write offs, writedowns, bankruptcies (in whatever form), currency manipulation.

Someone(s) somewhere at some point winds up paying the bill. But the key trick of the game is it ainít them.
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Old 7th Dec 2019, 15:37
  #34 (permalink)  
 
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I donít believe the Chinese Government wanted a failure and have bailed them out, A failure might have been contagious within the Hainan Group.
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Old 7th Dec 2019, 15:59
  #35 (permalink)  
 
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Originally Posted by STN Ramp Rat View Post
I don’t believe the Chinese Government wanted a failure and have bailed them out, A failure might have been contagious within the Hainan Group.
Life support was flicked on again today.

The airline is functioning only due to monthly life support.....expect it to survive without any support and it is a a guaranteed mortality.

The biggest losers are the creditors, who are growing day by day whilst the airline continues to operate. Western creditors are being burnt, Chinese creditors are being instructed.
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Old 8th Dec 2019, 01:29
  #36 (permalink)  
 
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Eventually, it will all come crashing down. They’ve kicked the can down the road til next payday.
Irrelevant, the very damage done by that bit of negative press over the last week can’t be good for forward bookings. Coupled with probably a not too stellar CNY, booking wise, it’d be interesting to see how much longer this mess will last.
2020, I reckon, will be a year of many airline failures world wide. You know, that recession that no one seems to be talking about..
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Old 8th Dec 2019, 16:37
  #37 (permalink)  
 
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KABOY I love that phrase, "Western creditors are being burnt, Chinese creditors are being instructed." Sums up the Chinese credit market since the Jesuits.

Brilliant!
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Old 12th Dec 2019, 03:28
  #38 (permalink)  
 
Join Date: Nov 2006
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Cathay Pacific Airways offers lifeline to pilots at troubled Hong Kong Airlines



https://www.scmp.com/news/hong-kong/...ilots-troubled
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Old 12th Dec 2019, 13:53
  #39 (permalink)  
 
Join Date: Dec 2005
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Chris Kempis is going to offer jobs to HKA pilots , i guess that because he is a rocket scientist he is well placed to decide who becomes employed, I’m pleased for them but it isn’t going to go well for us just as ASL and Oasis were a disaster
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