It's a rough time for many global airlines. Not only have we seen several airlines liquidate over the past few months, but there are also rumors regarding the financial situations of some airlines that are still operating. One of those airlines is Hong Kong Airlines. I'm a fan of Hong Kong Airlines, as I flew…
Continue reading: Hong Kong Airlines Threatens To Sue Those Who Question Their Finances
Share your questions, experiences, and thoughts below.
There was a rumor reported by a HK newspaper (in Chinese) yesterday that the China Development Bank (CDB) has committed to inject cash into HK Airlines to help the airline to pay off the US$550 million bonds that are expiring on January 20. However, the airline still has couple more sets of issued bonds expiring later this year (March & December 2019).
Certainly, if consumers decided to avoid flying them, it'd make things worse for HK Airlines and accelerate its demise. But at this point, it is clear they are in trouble, and there's no clear path it can resolve all the debt issued by the company that are coming due this year.
I was surprised that even with the mistake fare J class was basically empty on y flights last month, also it was literally impossible to get a customer service rep, I had to go to the counter in HK during my layover to address a schedule change they made.
Having flown HKA, there's something definitely -off- about them. Their terminal at HKG is beautiful, but all of my flights on them were empty (to be fair, a sample size of 2).
HNA Group is no longer the largest stakeholder in HKA. The largest stakeholder in HKA is a company called Frontier Investment Partner.
I have just booked a trip of a lifetime to New Zealand with them in Feb-March and now I’m incredibly nervous that it’s going to be cancelled.
What should I do?
Can't comment on their finances, but their short-haul flights are the worst. The asian equivalent of Spirit air... Although I will say their in-flight staff are very nice and professional. But delays, customer service, etc leave a lot to be desired.
But, as a CX FF, I appreciate they are helping to drive down local prices in the HK market which CX seems to use as their personal ATM machine..
Hello Japan dear China,
The spending spree is over. The trucks filled with cash are dry. Now lets return back to fundamental financial models.
Can the Chinese stomach this? Its reality. Where is Anbang today? Starwood would be broke today, sold off in parts and what not if Anbang had bought them.
Not to be the forbader of bad news, it looks like Marriott has bite off more than it can. If they don't bring in top talent, the current management may hit dire straits. It is obvious the current management is overwhelmed and not able to handle this merger.
They rushed their top loyalist members to decide by January 14th to choose their reward, now that site is down. Just another baff. Its becoming increasingly clear, their is a need for top level talent to be brought in to help. It is always better to do this before the runaway barge hits the dock.
Kent
South China Morning Post: Hong Kong Airlines collapse? Officials not taking any chances.
https://www.scmp.com/news/hong-kong/transport/article/2181275/hong-kong-airlines-government-considers-contingency-plan
Central econonic planning does have benefits.
Minority stakes. Maybe makes sense from a Cathay Dragon angle.