kronus
in service - 1 year
Posts: 3,400 
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Post by kronus on Dec 16, 2019 13:39:06 GMT 1
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kronus
in service - 1 year
Posts: 3,400
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Post by kronus on Jan 6, 2020 11:15:50 GMT 1
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Post by stealthmanbob on Feb 11, 2020 15:53:06 GMT 1
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kronus
in service - 1 year
Posts: 3,400
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Post by kronus on Feb 20, 2020 6:59:17 GMT 1
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Post by ff on Feb 20, 2020 11:51:27 GMT 1
Here is something from Bloomberg, www.bloomberg.com/news/articles/2020-02-19/china-said-to-near-takeover-of-hna-group-as-virus-hits-businessMy source in China told me, the Hainan Airlines fleet are likely go to Air China. Within the HNA Group, Suparna Airlines will be sold to Jiangsu Provincial Government to form a new airline called Jiangsu Airlines. Lucky Air and Air Chang'an airlines go to China Eastern, GX Airlines and Air Guilin go to China Southern. No mention of Hong Kong Airlines, Beijing Capital Airlines, Fuzhou Airlines, Tianjin Airlines and Urumqi Airlines so far. |
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mjoelnir
in service - 2 years
Posts: 4,089
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Post by mjoelnir on Feb 20, 2020 12:16:11 GMT 1
Here is something from Bloomberg, www.bloomberg.com/news/articles/2020-02-19/china-said-to-near-takeover-of-hna-group-as-virus-hits-businessMy source in China told me, the Hainan Airlines fleet are likely go to Air China. Within the HNA Group, Suparna Airlines will be sold to Jiangsu Provincial Government to form a new airline called Jiangsu Airlines. Lucky Air and Air Chang'an airlines go to China Eastern, GX Airlines and Air Guilin go to China Southern. No mention of Hong Kong Airlines, Beijing Capital Airlines, Fuzhou Airlines, Tianjin Airlines and Urumqi Airlines so far. A lot of the smaller airlines under the HNA umbrella are partly owned by the regional government or business. I assume they will take over and we will see quite a few independent small airlines. |
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Post by stealthmanbob on Feb 20, 2020 12:31:46 GMT 1
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Post by ff on Feb 20, 2020 12:53:50 GMT 1
They've denied immediately, then they subsequently confirmed that the top 4 executives have been called into Hainan Provincial government, to "discuss" the future of the HNA group. The market reacted very positively, the share price of all subsidiary companies within HNA group went up a lot today. They don't normally do that in China, if the selling of HNA is not on the card. |
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Post by kevin5345179 on Feb 22, 2020 1:47:23 GMT 1
for everyone's info
Leeham now made the paywall article open to all
certainly worth a read to understand the crazy corporate structure HNA has
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Post by kevin5345179 on Feb 22, 2020 5:59:37 GMT 1
Cant get behind paywall but title speaks everything
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