Originally Posted by
absoluy
I think most travel insurance policies won't cover travel that's booked before you buy the insurance (usually it's got to be purchased within ~2 weeks of buying the policy).
Is that a UK thing? Certainly not been my experience when buying travel insurance.
Originally Posted by
moondog
This is actually the root of the problem. HNA went on a 3-year spending spree, and the underlying assets are not producing anywhere near enough income for them to stay current on their debt obligations. As such, they are trying to sell off companies in a frenzy.
Yep. But they key is that they've still got assets to sell if they need to. Other airlines are running out of furniture to burn.