FlyerTalk Forums - View Single Post - Air Canada Master Fleet Strategy Thread

Feb 25, 2020 | 3:08 pm

#102

Adam Smith

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Quote:

Originally Posted by CanuckMoose

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.

HNA isn't in trouble because of coronavirus, it's in trouble because it has binged on debt-fuelled acquisitions for years across a bunch of different sectors and a number of businesses have underperformed.

The other Chinese airlines are likely impacted only in the short term.

So this likely means nothing to AC's fleet strategy.

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