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Old Feb 25, 2020 | 3:03 pm
  #101  
CanuckMoose
 
Join Date: Feb 2020
Location: YYZ
Programs: Sardine Class
Posts: 36
AC seems better positioned than many airlines to ride out the current situation and potential economic downturn.

The Chinese government has announced plans for government-owned airlines to absorb HNA's assets, which has been undergoing financial difficulties for some time now and the coronavirus seems to be the last straw. The situation in Europe and the rest of Asia seems to be getting worse, so I doubt that HNA is going to the be only airline to go under before this is all over.

In the end, coronavirus might actually help AC, allowing them to get some pretty good deals on aircraft.

Last edited by CanuckMoose; Feb 25, 2020 at 3:05 pm Reason: Reformatted
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