philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Jun 13, 2019 10:19:53 GMT 1
The piece of good news for HNA is “Hainan will also borrow $234 million from China Development Bank to help with the purchase.”. CDB, a state bank, will provide funding. Until now this wasn’t possible, this may indicate that HNA finally won the support of government help and state banks now taking part of HNA rescue plan. This could explain why MSN308 (and MSN283?) is at flightline. Yes, the story points to a resumption of government-funded deliveries, as was the case at the end of last year. This must be part of a government-controlled (or at least inspired) effort to normalise the situation of the air transport branch of the HNA group. |
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Post by ff on Jun 13, 2019 11:16:35 GMT 1
The piece of good news for HNA is “Hainan will also borrow $234 million from China Development Bank to help with the purchase.”. CDB, a state bank, will provide funding. Until now this wasn’t possible, this may indicate that HNA finally won the support of government help and state banks now taking part of HNA rescue plan. This could explain why MSN308 (and MSN283?) is at flightline. Yes, the story points to a resumption of government-funded deliveries, as was the case at the end of last year. This must be part of a government-controlled (or at least inspired) effort to normalise the situation of the air transport branch of the HNA group. Completely agree.
The current CEO (his was previously the founding CEO, then half retired and only came back when the CEO died in France last year), used all the media channels to apologise for the ignore of government guidance and ruthless expansion HNA group did in the past few years.
Beside selling all non-airline related businesses, he even dressed up as a cabin crew to serve drinks on flights, to show that HNA's core business will be the airlines, nothing else.
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kronus
in service - 1 year
Posts: 3,401 
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Post by kronus on Jul 2, 2019 13:30:07 GMT 1
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Post by FabienA380 on Jul 3, 2019 12:02:00 GMT 1
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Jul 3, 2019 23:05:52 GMT 1
The fact that some frames previously assigned to HK Airlines are being taken by Hainan suggests the above information is serious. If it is confirmed, then will it be a consequence of the shareholder infighting ? Or could it be part of a government plan ?
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kronus
in service - 1 year
Posts: 3,401
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Post by kronus on Aug 8, 2019 20:13:28 GMT 1
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Aug 9, 2019 9:58:15 GMT 1
Thank you for this piece of information, Kronus. Legally and technically, however, this is not a transfer, it is an order cancellation offset by an entirely new order. |
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Post by addasih on Aug 14, 2019 5:10:26 GMT 1
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Post by peter on Aug 14, 2019 9:23:57 GMT 1
Nice picture but Frenchpainters comment is a bit too simple because msn 308 is Alafco and said to be for Hainan Airlines.
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Post by kevin5345179 on Sept 27, 2019 5:03:28 GMT 1
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