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Hong Kong Airlines fighting to survive..

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.

Hong Kong Airlines fighting to survive..

Old 30th Apr 2020, 00:09
  #81 (permalink)  
 
Join Date: Apr 2012
Location: lagos
Posts: 805
Mascot is the call sign of HKA?
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Old 30th Apr 2020, 01:22
  #82 (permalink)  
SW1
 
Join Date: Apr 2008
Location: Victoria
Posts: 439
Mascot is the call sign of HKC. Bauhinia is the call sign of HKA
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Old 30th Apr 2020, 04:30
  #83 (permalink)  
 
Join Date: Dec 2018
Location: HK
Posts: 22
Ok can we start talking about cx already?
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Old 30th Apr 2020, 16:40
  #84 (permalink)  
 
Join Date: Aug 2008
Location: Polar Route
Posts: 7
No kidding. Even with all that Mainland money, HKA is still going to the bottom of the trench. They might be one of the most poorly managed airlines of all time. Every time I hear about China as the next superpower, I think of outfits like HKA and stop worrying. Their system of oppression and cronyism doesn’t work. Cheap labour only gets you so far!
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Old 2nd May 2020, 12:42
  #85 (permalink)  
 
Join Date: Apr 2010
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What Cxorcist said
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Old 2nd May 2020, 16:00
  #86 (permalink)  
 
Join Date: Sep 2000
Location: The Back of Beyond
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Yup, absolutely agree too.
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Old 9th Jun 2020, 09:37
  #87 (permalink)  
 
Join Date: Sep 2017
Location: Lavatory
Posts: 24
With today’s news of CX getting help from the HK government when is HKA going to get a slice of the pie? We are bleeding more than CX, losing pilots and other staff every week. Doesn’t seem right that CX, being a majority foreign owned airline is getting propped up when HKA could be the official HK flag carrier going forward.
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Old 9th Jun 2020, 10:10
  #88 (permalink)  
 
Join Date: Aug 2015
Location: Gerloz
Posts: 422
Sorry remind me who owns HKA again ?
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Old 9th Jun 2020, 10:11
  #89 (permalink)  
 
Join Date: Nov 2018
Location: Bonvoy Marriott
Posts: 77
it depends how you define foreign owned. Maybe a good idea to lobby in Bejing
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Old 9th Jun 2020, 10:52
  #90 (permalink)  
 
Join Date: Oct 2016
Location: somers
Posts: 13
I sympathise about people losing their jobs but giving help to HKA is like flogging a dead horse.
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Old 9th Jun 2020, 13:05
  #91 (permalink)  
 
Join Date: Apr 2002
Location: shoe box
Posts: 364
Globocnik

That's a very good question - who does own HKA these days?
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Old 9th Jun 2020, 16:46
  #92 (permalink)  
 
Join Date: Aug 2008
Location: Polar Route
Posts: 7
Agreed! Maybe that’s part of the problem.
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Old 9th Jun 2020, 17:04
  #93 (permalink)  
 
Join Date: Sep 2017
Location: Lavatory
Posts: 24
Mostly various corporations and individuals from the same country that owns HK...
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Old 9th Jun 2020, 23:08
  #94 (permalink)  
 
Join Date: Jul 2007
Location: here and there
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prickly

Why is that oh Learned one? Seems you have the answer as to which airline is worth saving thus keeping all personnel employed!! Would it be different if someone with your esteemed ability worked at HKA?? Or maybe wouldnt consider their employment since they are a dead horse...
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Old 10th Jun 2020, 04:33
  #95 (permalink)  
 
Join Date: Sep 2009
Location: Hong Kong
Posts: 384
when is HKA going to get a slice of the pie?

My understanding is that CX were not given a "slice of the pie", it is not a handout, but agreed the finances involved are indeed large, but they need to be paid back.
Any lender choosing to lend cash if that volume, would clearly do significant due diligence on the entity to whom the cash is being lent.
If HKA had applied, and were knocked back, then that should give you some idea of what the government thinks of HKA's ability to repay.
If HKA didn't apply, then no doubt they may shortly do so.
Good luck.

Last edited by LongTimeInCX; 10th Jun 2020 at 05:34.
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Old 29th Jan 2021, 12:15
  #96 (permalink)  
 
Join Date: Jun 2020
Location: The Forbidden City
Posts: 75
HNA Group goes bankrupt as China’s largest asset buyer succumbs to loans after a decade-long shopping spree
https://www.scmp.com/business/compan...al-asset-buyer

The writing’s on the wall for HKA
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Old 29th Jan 2021, 13:51
  #97 (permalink)  
 
Join Date: May 2012
Location: HK
Posts: 67
From HKA

First of all, I imagine most of you is aware of the worrying news that is going around: HNA bankruptcy.

I have been asked to share the following news from the VPFO.
1. This is a planned restructure.
2. This is as per schedule.
3. There will be no change in HKA structure
4. Hainan Aviation group and HKA will operate as normal.

To expand a bit on the subject, HNA is divided in 3 sections:
HNA Group, HNA Aviation and HNA Airlines.
Only HNA Group has filed for bankruptcy and this won't affect the other two divisions.
It was a willful decision to restructure HNA and to allow new investors to join.
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Old 29th Jan 2021, 22:00
  #98 (permalink)  
 
Join Date: Sep 2007
Location: 1st Floor
Age: 30
Posts: 94
Pigs & Fly come to h
The outlast ka though
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Old 30th Jan 2021, 15:05
  #99 (permalink)  
 
Join Date: Jun 2020
Location: The Forbidden City
Posts: 75
Hong Kong Airlines penalised for breaching rules of Covid-19 wage relief scheme it tapped for HK$154.3 million
https://www.scmp.com/coronavirus/eco...rules-covid-19

https://www.reuters.com/article/us-c...-idINKBN2A009Z

Oh dear! Desperate times call for desperate measures. The end is in sight, good luck to all staff

Last edited by Curry Lamb; 31st Jan 2021 at 18:52.
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