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HNA seems to have made money on disposed assets so far. Maybe they are hanging onto the losers for now.
by fspeech 9y ago
HNA seems to have made money on disposed assets so far. Maybe they are hanging onto the losers for now.
- seanmcdirmid 9y agoThey are about to take a huge loss on an old Park Avenue building in NYC. They made out on HK plots they sold. Heaven knows what will happen when they start unloading mainland properties.
- fspeech 9y agoInteresting to see how much the NYC property will go for. I don't think the regulators are that concerned about HNA's properties in China. Domestically it is a zero sum game. Their loss would be someone else's gain, as long as solvency of the banks is not threatened.
- seanmcdirmid 9y agoThey have to pay their loans...I think it is only a matter of time until Hainan Airlines starts having problems paying for fuel.