Hainan Airlines woes

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  • rferguson
    Participant

    It seems we may have another victim of Coronavirus. Or looking closer, this flu is the straw that may break this camels very heavily debted back!

    Many outlets are reporting that Hainan Airlines, part of the debt laden HNA Conglomorate, may cease trading soon or be absorbed into one of the ‘big government three’ chinese airlines.

    It’s a pity on the one hand – I’d never flown them but apparently Hainan were unquestionably in a league of their own in terms of flight experience for mainland chinese airlines. But I guess this is what happens when you go on a multi billion pound splurge on new aircraft and then A virus like Corona hits.

    What may be more interesting to see is how this will impact Hong Kong Airlines and Virgin Australia. HNA has substantial holdings in both and both these airlines too are already struggling financially.

    https://www.usnews.com/news/world/articles/2020-02-19/china-to-take-over-hna-as-coronavirus-hits-business-bloomberg

    1 user thanked author for this post.

    AMcWhirter
    Participant

    So that appears to end Hainan Airlines service to the UK and Ireland.

    In May 2019 we reported that flights were ending the following September.

    China’s Hainan Airlines to axe Dublin and Edinburgh?

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