Post by stealthmanbob on Apr 24, 2019 12:07:48 GMT 1
Quote CH Aviation - "Shareholder war at Hong Kong Airlines continues"
Quote - "HNA Group has denied charges of embezzlement and financial misappropriation at Hong Kong Airlines (HX, Hong Kong Int'l) and appealed to two rival factions of shareholders to make peace, Reuters has reported.
"Our highest priority is to see the governance issues at Hong Kong Airlines resolved, and support continued normal operations at the airline for the benefit of all stakeholders, and we are working diligently to that end," an HNA Group spokesperson told the South China Morning Post."
Post by stealthmanbob on Apr 26, 2019 12:02:41 GMT 1
The latest news on Hong Kong Airlines !
Quote CH Aviation - "Hong Kong Airlines (HX, Hong Kong Int'l) has offered all its pilots secondments or permanent transfers to fellow HNA Group units, the South China Morning Post has reported. Meanwhile, the fight for control of the airline continues with a mysterious company claiming a 34% stake."
Post by stealthmanbob on Jun 8, 2019 13:26:58 GMT 1
Another court action !
Quote CH Aviation - "An internal battle for control of Hong Kong Airlines has intensified in the courts. Lawyers for Hou Wei, listed on the airline's website as chairman, and Sun Jianfeng, appointed chief executive in May, lodged a demand on June 5 for HKD95 million dollar (USD12.2 million) in damages if a court rules in their favour against Zhong Guosong, who also claims to be chairman, the South China Morning Post has reported."
Post by stealthmanbob on Jun 27, 2019 11:38:32 GMT 1
HNA Group sues Hong Kong Airlines over $150mn debt
Quote CH - "27.06.2019 - 02:14 UTC HNA Group has sued Hong Kong Airlines Consultation Service Co Limited and Hong Kong Airlines Holdings Co Limited over their alleged failure to repay a total debt of HKD1.17 billion Hong Kong dollars (USD149.8 million), the South China Morning Post has reported."