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LAM Boeing 737-700 Slides Off The Runway In Mozambique Advertisement: A Boeing 737-700 operated by LAM Linhas Aereas De Mocambique experienced a runway excursion on February 26th at Quelimane airport, in Mozambique. The aircraft landed safely but when it reached the end of the runway, it had veered off into the grass between the runway and taxiway. No injuries reported from this incident. The aircraft involved was a Boeing 737-700. Photo: Boeing Incident details On February 26th at roughly 14:45 local time, a LAM Boeing 737-700 ended up on the grass, off the runway, at Quelimane Airport (UEL). The aircraft had flown from the capital city of Mozambique, Maputo, as flight TM1134.
Creditor application for Lucky Air bankruptcy reorganisation approved centreforaviation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from centreforaviation.com Daily Mail and Mail on Sunday newspapers.
By Cirium2021-02-02T01:23:00+00:00 News that HNA Group creditors will seek to put the conglomerate into bankruptcy and reorganise it did not come as a surprise to some lessors, who had been anticipating such an announcement around the Chinese New Year. “It’s no surprise, really, although most people were half-hoping for a government bailout,” one lessor with exposure told Cirium hours after the story broke on 29 January. Source: HNA Group HNA Group’s creditors have sought to put the conglomerate into bankruptcy. Lessors, who are already swamped with multiple airline restructurings in Asia-Pacific, may now have yet another bankruptcy to deal with, this time one which would impact about a dozen airlines.
By Alfred Chua2021-01-29T11:22:00+00:00 HNA Group will undergo a business reorganisation after creditors filed for its bankruptcy. The group, one of China’s largest conglomerates with interests mainly in the aviation and tourism sectors, discloses that it received formal notice of the filing from the Hainan High People’s Court on 29 January. Source: FlightGlobal file photo Hainan Airlines is owned by the beleaguered HNA Group. Creditors have ”filed an application for the initiation of reorganisation procedures against our company, on grounds that we cannot pay off due debts”, HNA Group discloses. It adds that it will comply with legal instructions and “promote debt disposition actively”, while ensuring that businesses under its holding continue to operate as usual.
MIAMI – Today, the creditors of the HNA Group have filed for its bankruptcy, forcing an immediate reorganization of the business. The Group is one of China’s largest conglomerates, mostly connected to the aviation and tourism sector. The firm has been characterized as one of the most aggressive dealmakers of the market after using US$50bn on a global acquisition spree which included companies such as Deutsche Bank and Hilton Worldwide. Three years ago China’s central government and some overseas regulators forced the company to sell many of its shares and concentrate on the aviation and tourism industry. In the following years, the firm constantly grew and finally owned over 2,300 companies. As of June 2019, HNA Group’s total assets reached ¥980.62bn (US$151.77bn) with its gross liabilities hitting ¥706.73bn.