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.
The Chinese authorities have announced the suspension of the air connection between Portugal and China, for a period of one month, after detecting ten cases of.