@jw1701 - what does "IFE cutoff" mean?
If sweeping changes don't happen, HNA may well be throwing good money after bad here, HK Airlines may end up back where we are now after burning through this extra cash.
I have the feeling no news is bad news here... This loan was announced yesterday(?), to boost people's confidence in the airline they would have announced it straight away if they planned to inject it to HKA. Probably won't happen
Corporate governance in HK is always somewhat of a question mark for certain firms that much is true, but the difference though, is that most large HK-based companies aren't so frequently placed in danger of bankruptcy and collapse. There certainly have been cases of collapse of big HK listed or private firms, but not so common as you would think.
HK Airlines stand out for struggling for so long. A shame really. From the passenger's perspective, their onboard quality and service weren't that bad. Maybe not necessarily up to CX level, but probably better than most North American carriers domestic economy at least. It's been burdened by being part of the HNA group and the debts that go with it. Had that not been the case, had HNA made a clean break and sold off HK Airlines some years ago, it might have been a different story.
Last edited by Coolboy; 04-12-2019 at 10:39 AM.