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-   -   HNA going down? (https://www.pprune.org/fragrant-harbour/610224-hna-going-down.html)

A3301FD 19th Jun 2018 00:49

HNA going down?
 

Flex88 19th Jun 2018 01:03

HNA
 

Originally Posted by A3301FD (Post 10176288)

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.

TurningFinalRWY36 19th Jun 2018 02:27

Well if HNA collapses that will surely solve CXs crewing problem

rationalfunctions 19th Jun 2018 03:24


Originally Posted by TurningFinalRWY36 (Post 10176314)
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

azhkman 19th Jun 2018 05:10

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?

mngmt mole 19th Jun 2018 05:13

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.

shinytubedreamer 19th Jun 2018 11:28

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.

stormfury 19th Jun 2018 11:29


Originally Posted by azhkman (Post 10176351)
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

cpahka 19th Jun 2018 13:26


Originally Posted by shinytubedreamer (Post 10176571)
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 ...

Progress Wanchai 19th Jun 2018 16:23

“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.

Frogman1484 20th Jun 2018 00:46


Originally Posted by Progress Wanchai (Post 10176765)
“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?

Cpt. Underpants 20th Jun 2018 01:39

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.

azhkman 21st Jun 2018 06:02


Originally Posted by Cpt. Underpants (Post 10177041)
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.

stormfury 4th Jul 2018 11:46

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

Tea time 4th Jul 2018 17:54

Very sad outcome , the sceptic in me has to wonder if it was it an accident , or did someone give him a hand ?

Flex88 5th Jul 2018 02:12

Sceptic ???
 

Originally Posted by Tea time (Post 10188516)
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".

Captain Dart 5th Jul 2018 02:32

Looks like he took a great leap backward.

https://finance.nine.com.au/2018/07/...r-dies-in-fall

broadband circuit 5th Jul 2018 04:09


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......

RAT Management 5th Jul 2018 15:04

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!

mngmt mole 6th Jul 2018 03:03

No one will train that demographic under those circumstances. Regardless, HKA isnt going anywhere.


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