Could Air China become an accidental stakeholder in Virgin Australia?

2 replies

AsiaBizTraveller

Member since 20 Nov 2015

Total posts 39

Bloomberg says that HNA has held "preliminary talks" to sell its airline assets to Air China. HNA has been offloading a lot of assets this year, more than USD$20bn according to Bloomberg. I wonder if this will end up with Air China accidentally getting a stake in Virgin Australia? Might not be a bad thing given Virgin's intended push into China. The Bloomberg story is at https://www.bloomberg.com/news/articles/2018-12-12/air-china-group-is-said-to-have-held-talks-to-buy-hna-s-airlines

koji

Cathay Pacific - The Marco Polo Club

Member since 11 Jun 2018

Total posts 59

Bloomberg also said EY and EK are under negotiation of a merger, which is denied by both sides. The rumor you referred is also denied by CA and HU. Not saying Bloomberg is not trustworthy, but it trends to be a gossip newspaper now.

DanV

Qantas - Qantas Frequent Flyer

Member since 04 Nov 2017

Total posts 69

This rumour is as likely as SQ's many "VA takeover" articles which all have turned out to be complete fizzers.


Saying that the article seems to be focusing on HNA group's assets in general without mentioning VA specifically.

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