Originally Posted by
Adam Smith
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.
Maybe my wording was not as good as I thought in my head. Let me rephrase it:
"HNA was in financial trouble for a while now, and this coronavirus outbreak seems to be the nail in the coffin, after many bad decisions"
Also, what I meant was that the airline industry in general, will be impacted, and some of the airlines already in poor financial standing before likely won't make it through if the coronavirus estimates are anything to go by, which means if AC were to want some cheap A330s, there won't be short supply.