Seven Hong Kong Airlines planes seized by creditor

Hong Kong Airlines is not out of the woods yet. Two weeks after it received a cash injection from its main shareholder HNA Group, the airline reportedly saw 7 of its aircraft impounded by the Hong Kong Airport Authority as securities. The carrier owes payment for various charges, including aircraft parking fees, take-off and landing fees and the rent of commercial infrastructures such as VIP lounge areas and airport counters. Media reports suggest that the carrier faced a loss of US$383m in 2018. To mitigate the damages, it has been adjusting its network by closing routes and is now expected to end its long-haul operations in Feb 2020. Due to the reduced operations, the detained aircraft had not been used for passenger transport in recent months, according to the AAHK. <br/>