HNA Group sues Hong Kong Airlines for HK$850 million
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Trouble
Originally Posted by jetjockey696
(Post 10348189)
All "leaders" at HNA went to the same business school (if they went to school at all) and all received the same MBA in SMFM on graduation. Smoke and Mirror Financial Management - same as the Shell Game |
Feel sorry for the crews there, but the Management sucks, and I’ll be happy when I see them walk the plank into oblivion. The end is nigh for you fraudsters and abusers. May you die roaring. HaHaHappy New Year! |
And when Hong Kong Airlines folds, it'll be just perfect timing (yet again!) for CX to overcome its slots, crewing and aircraft problems. There may be some A50's going cheap, plenty of 3rd world pilots now out of a job ready to lap up POS18, and some of their trainers who will happily take any crumbs thrown to them. Never mind if any of them lack the usual quality or experience you have been used to over the years, those pesky cx pilots have called our bluff. So come on in, there's lots of TC, CC and STC positions that need filling when TA18/19 gets voted straight out the door, which appears increasingly likely. |
Yet another impending reason for anyone with another option to grab hold of it as quickly as possible and escape this mad house. CX is finished. The name is the same, but it is now a malignant shadow of its former self. POS 18 is the future that awaits anyone who stays here. Doubt that? Just look at the last 20 years of deterioration. The latest failure of the AOA to defend our careers, and the impending collapse of HKA are the final nails in the coffin. Run.
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Nailed in LTICX, and yet again CX falls on its feet due to external circumstances. b. |
You guys in CX have a Seniority system, dontcha?
Are you seriously saying you'd let a truckload of unemployed HKA Captains just walk into LHS slots at CX, on same pay and conditions? Trashing your Seniority system? Ruining the careers of the FO's waiting for upgrades? I'd expect nuclear war to break out immediately. You'd have nothing left to lose anyhow. I'm not expecting HKA to fold anyhow - but a few more of their idiotic abusive management may get the boot, and good riddance to them. |
Didn’t take long for this thread to drift to CX. But while we’re there... As of today Cathay now owns 100% of Air Hong Kong. Rumor is that all the freighter 747’s will once again be crewed and operated by AHK, with AHK’s own crewing issues being addressed by the rats jumping from HKA/HKE. (And based crew doing the same to remain on their base) As upgrades completely stop at Cx, resignation rates will increase. But when you’ve an excess of 500 crew that’s not a problem that needs addressing today. |
I've heard similar rumblings around the office. CX is about to land on their feet again. Hundreds of desperate and cheap aircrew looking for a job, any job, right in their back yard. It's over for everyone else, unless you are willing to work for the same appalling conditions that CX will be offering the great unwashed.
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The headline is misleading.... HNA Group is suing the company wholly owned by ONE director who had been charging consultation fee off HKA..... this guy was expelled from the board by HNA and now HNA wants the money back this guy 'borrowed' 8 years ago..... the latest words were HKA has been sold and HNA wants the money back from this rouge director
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That story is a distraction at best. The real issue is that HNA Group is in serious trouble, as is HKA. Cancelled routes, cancelled ac orders, and a bond payment due in a few weeks that few in the industry feel they will be able to pay. They might survive, but the odds look long at the moment.
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Originally Posted by Air Profit
(Post 10348555)
That story is a distraction at best. The real issue is that HNA Group is in serious trouble, as is HKA. Cancelled routes, cancelled ac orders, and a bond payment due in a few weeks that few in the industry feel they will be able to pay. They might survive, but the odds look long at the moment.
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Talking about CX, they were well aware of the problems at HKA and hence released POS18 waiting to catch all those who may end up without jobs. It’s not luck, it’s was a calculated assessment. |
Originally Posted by Summit to Sea
(Post 10348943)
Talking about CX, they were well aware of the problems at HKA and hence released POS18 waiting to catch all those who may end up without jobs. It’s not luck, it’s was a calculated assessment. |
Originally Posted by Dan Buster
(Post 10349220)
At the expense and frustration of their long term employees. Just take a walk in dispatch next time you're there. Groups of keen pilots eagerly discussing their 'fuel decision' all in jackets, all proudly strutting around. All having 'looked at the paperwork' befere they got to work. Almost always signing on about 20 minutes early! We just DO NOT LEARN! |
Akward for the guys who dumped CX to join HKA. Especially a certain tit in management. Where will he go next? Despised by all. |
So, Cathay is being sued for 850 mill by HNA Group??!! |
The cx ranters on here were advising wholeheartedly that FOs SO under 35 should go to HKA, fast upgrades, more money. That was 18 months ago. But the same ranters are still in CX, with alot of egg on their faces. On the issue of unemploymed crew, several ex WOW A330 guys heading to KA. COS18 already oversubscribed. Aviation, when all seems rosy, its time to get ready for the rollercoaster. |
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