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Exclusive: Airbus faces A330 delivery delays amid HNA Group woes - sources

Reuters  |  TOULOUSE, France 

By Tim Hepher and Regis DuvignauTOULOUSE, France (Reuters) - Airbus faces a logjam of undelivered A330 jets worth well over $1 billion for airlines affiliated to China's debt-laden HNA Group following a stand-off over late payments, according to industry sources and a Reuters examination of parked aircraft.Companies belonging to the troubled Chinese aviation-to-finance conglomerate have delayed payments for several months, leading Airbus to withdraw deliveries rather than step in to finance the aircraft itself, the sources told Reuters."After six months of talks, Airbus took the decision to ...

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First Published: Wed, July 11 2018. 22:56 IST