HNA tries to offload Airbus planes to leasing firms
HNA Group has been trying for months to offload jetliners it ordered from Airbus, according to people familiar with the matter, as the indebted airline-turned-global acquirer wrestles with liquidity challenges. The Chinese group asked the leasing arms of Industrial & Commercial Bank of China. and China Minsheng Banking, among others, to take over at least 10 plane orders, the people said. Talks about the A330 twin-aisle jets, due to be delivered this year, date back to at least April, they said. Aircraft deals are notoriously difficult to exit as they carry significant penalties for customers looking to cancel orders, partly because of the disruption caused to the planemaker’s production lines. The jets would be part of one of China’s biggest corporate garage sales ever. HNA has agreed to sell more than US$22b in assets this year. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-11-01/unaligned/hna-tries-to-offload-airbus-planes-to-leasing-firms
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HNA tries to offload Airbus planes to leasing firms
HNA Group has been trying for months to offload jetliners it ordered from Airbus, according to people familiar with the matter, as the indebted airline-turned-global acquirer wrestles with liquidity challenges. The Chinese group asked the leasing arms of Industrial & Commercial Bank of China. and China Minsheng Banking, among others, to take over at least 10 plane orders, the people said. Talks about the A330 twin-aisle jets, due to be delivered this year, date back to at least April, they said. Aircraft deals are notoriously difficult to exit as they carry significant penalties for customers looking to cancel orders, partly because of the disruption caused to the planemaker’s production lines. The jets would be part of one of China’s biggest corporate garage sales ever. HNA has agreed to sell more than US$22b in assets this year. <br/>
