Written by Seth Miller @ Wandering Aramean
An aviation podcast talking about driving? Sometimes that’s the only viable option, and it is strange. Plus, so are we.
The post DLD 326: Driven! appeared first on Wandering Aramean.
Tag: HNA
DLD 326: Driven!
Written by Seth Miller @ Dots, Lines & Destinations
An aviation podcast talking about driving? Sometimes that’s the only viable option, and it is strange. Plus, so are we.
Hongkong Airlines Receives Cash Injection From Parent Company HNA, Continues To Fly (For Now)
Written by Sebastian Powell @ LoyaltyLobby
Last week I wrote about the bad news surrounding Hongkong Airlines financial position and their inability to pay staff which threatened the airlines ability to continue flying as regulators zoomed in. The company has now announced that it will receive a substantial cash injection from the mainland China parent company HNA which had to secure […]
Hong Kong Airlines May Fold By Saturday
Written by John Ollila @ LoyaltyLobby
Sebastian wrote last week (read more here) that the financial condition of Hong Kong Airlines had significantly deteriorated, and the airline had even delayed wage payments. The airline may fold this week as the Air Transport Licensing Authority (ATLA) will either suspend or revoke its license on Saturday (December 7) unless more funding is raised. […]
Cathay Pacific In Discussion To Acquire Hong Kong Express
Written by John Ollila @ LoyaltyLobby
Cathay Pacific yesterday confirmed that it is in active discussion with HNA to acquire deep discount airline Hong Kong Express. HNA is a financially troubled Chinese conglomerate behind Hainan Airlines and Hong Kong Airlines that has been shedding assets as of late. Here’s the announcement from Cathay Pacific: Here’s Hong Kong Express route map: Conclusion […]
Jin Jiang Buys Radisson From HNA
Written by John Ollila @ LoyaltyLobby
Cash strapped HNA (behind Hainan Airlines) that went to shopping spree few years ago has been shedding assets as of late and reached an agreement with Shanghai based Jin Jiang Group to sell Radisson Hotels. The founder of HNA fell off a cliff while traveling in France back in June and died (read more here). […]
Airbus Refuses Delivery Of Airbus A330 To Hainan Airlines Due To Outstanding Payments, HNA Liquidity Problems
Written by Sebastian Powell @ LoyaltyLobby
Hainan Airlines has previously ordered a number of Airbus A330 but not they are in hot water as the manufacturer refuses delivery to the Chinese carrier since they apparently can’t pay for aircraft. Hainan Airlines parent company HNA is in turmoil due to a shortage of capital and the recent sudden departure of their chairman […]
HNA Co-Founder Falls Off A Cliff & Dies In France
Written by John Ollila @ LoyaltyLobby
HNA co-founder and chairman fall of a cliff in France yesterday and died while photos were taken. HNA owns Hainan Airlines, Radisson hotels, 30% stake in NH hotels (Spanish chain) and 25% stake in Hilton. Here’s an excerpt from WSJ (access their piece here): HNA said Mr. Wang, 57 years old, died unexpectedly Tuesday after […]
Chinese HNA Buys 25% Stake Of Hilton Hotels
Written by John Ollila @ LoyaltyLobby
Chinese buyers seems to be very keen on expanding their portfolio to western run hotels and chains. Chinese insurer Anbang tried to purchase Starwood Hotels & Resorts but ended up losing to Marriott in a bidding war. Blackstone Group that took Hilton Hotels private and later brought it back to stock market sold 25% share[…]