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Airbus stops the delivery of five A330 destined to HNA Group Airlines
Toulouse - Airbus holds back the delivery of five A330 to Hainan Airlines, Tianjin Airlines, and Beijing Capital Airlines due to the late payments from Chinese conglomerate HNA Group. (airlinerwatch.com) Mais...No Tickiee . . . .No Laundry. Case closed.
After having a quick scan through the commentary, I would like to add that Chinese American dollars have disrupted the real estate market like no tomorrow.
So if that collapses, then it directly affects us, immediately, NEXT DOOR.
Pardon my snark, but don't they just need to order one, and then reverse engineer it? A handful of Chinese make so much profit off reselling us our own products that it's amazing. Think recycled plastic.
That all being said, I won't fly anymore, I will NOT tolerate the TSA and I have absolutely zero faith in Homeland Security, but I want the industry to be healthy, regardless of my personal standing. I still love everything about an airplane, and flying, but it's sad that we've had to have this remarkable experience so denigrated over the past 19 1/2 years.
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If you lie down with dogs..............
So if that collapses, then it directly affects us, immediately, NEXT DOOR.
Pardon my snark, but don't they just need to order one, and then reverse engineer it? A handful of Chinese make so much profit off reselling us our own products that it's amazing. Think recycled plastic.
That all being said, I won't fly anymore, I will NOT tolerate the TSA and I have absolutely zero faith in Homeland Security, but I want the industry to be healthy, regardless of my personal standing. I still love everything about an airplane, and flying, but it's sad that we've had to have this remarkable experience so denigrated over the past 19 1/2 years.
.
If you lie down with dogs..............
Interesting Hainan came in at #8 in airline awards (for what they are worth).
I suspect it is the Chinese government is holding back the payments.
In recent years the Chinese government had tightened their control on foreign exchange, preventing people transferring money out to buy foreign property and immigrate out. They can easily freeze the money from the Group as all foreign transfers go through the centeral bank which is under government control.
And also Chinese doesn’t have a “credit” culture, often Chinese will only buy something unless they can pay in lump sum (unless it is something super expensive, like a small apartment in their crowded cities can cause hundred thousands of dollars). Most Chinese have a debt card instead of credit card.
I used to joke about American colleges spent all their money right after payday and then have to borrow money from their Chinese coworker to get a beer.
In recent years the Chinese government had tightened their control on foreign exchange, preventing people transferring money out to buy foreign property and immigrate out. They can easily freeze the money from the Group as all foreign transfers go through the centeral bank which is under government control.
And also Chinese doesn’t have a “credit” culture, often Chinese will only buy something unless they can pay in lump sum (unless it is something super expensive, like a small apartment in their crowded cities can cause hundred thousands of dollars). Most Chinese have a debt card instead of credit card.
I used to joke about American colleges spent all their money right after payday and then have to borrow money from their Chinese coworker to get a beer.