For Hong Kong Airlines the death watch clock is officially running. The beleaguered company has just five days to raise significant fresh capital. Failure to reach that goal will likely see the airline’s operating certificate revoked.
For Hong Kong Airlines the future is very, very uncertain. Cuts continue it is unlikely they will be enough to keep the carrier afloat too much longer barring a significant cash infusion and restructuring of the business. This week it is the inflight entertainment system that disappeared.
Thales is the latest IFE/C vendor to partner with Chinese conglomerate HNA Group to deliver entertainment and connectivity services on board. But will they really fly? Concerns about the financial stability of HNA raise significant concerns about the long-term viability of the offerings.