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Hong Kong’s last remaining independent airline carrier, Hong Kong Airlines Limited has undergone a significant debt restructuring. In parallel proceedings (a restructuring plan in the...
HKA distributed a Practice Statement Letter to most of aircraft lessors, perpetual noteholders and other unsecured creditors. The Practice Statement Letter describes a restructuring plan proposed by HKA for those creditors under Part 26A of the Companies Act 2006 of the UK.
Key Points - - Hong Kong Airlines (HKA) has announced that it is seeking to implement a restructuring of its aircraft lease obligations and other liabilities by court...