Airbus faces deliveries of A330 due to HNA group problems | AmericaEconomy



[ad_1]

Toulouse . Airbus is facing bottlenecks in the delivery of A330 aircraft worth more than $ 1 billion for HNA Chinese group airlines in debt arrears, sources said and Reuters magazine of parked aircraft.

Companies belonging to the troubled Chinese conglomerate have been in arrears for several months, which has led Airbus to stop deliveries instead of financing the aircraft itself, sources told Reuters.

of conversations, Airbus made the decision to withdraw the plane because it does not want to play to be the financier, "said one person familiar with the talks on Wednesday.

However, another person involved in the situation warned: "It is ongoing"

Airbus and HNA did not comment immediately.

A group of undelivered A330 aircraft could be seen on Wednesday as part of a presentation ceremony of the smaller Airbus aircraft.

Reuters reporters have counted five A330s scattered in the delivery center and another stationed farther away. Some had reflective sunscreens on the cabin windows and all wore the distinctive bright red color of the HNA group airlines.

These include Hainan Airlines, Beijing Capital Airlines and Tianjin Airlines. Six A330 aircraft would cost a total of $ 1,600 million at list price

Several semi-finished A320s could also be stationed even though it was impossible to tell if they were there for the same reasons or in because of a shortage of engines. 19659002] The dismantling of the situation could be more complicated following last week's death of HNA group chairman Wang Jian, a financial source said, although HNA quickly named co-founder Chen Feng as the only chairman of the group. a highly centralized group. , considered the architect of the $ 50 billion buying frenzy that HNA in debt, died in the south of France on July 3 accidentally falling from a wall while posing for a photo, according to the local police version.

[ad_2]
Source link