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Hainan Airlines is Bankrupt
Yet another victim of the coronavirus
After several weeks of fighting to stay in business, Hainan Airlines have reportedly applied for bankruptcy protection.
The airline has been haemorrhaging money during the travel bans brought on by the coronavirus infection, and can’t take any more losses.
According to users on Weibo (the Chinese equivalent to Twitter), the airline has been rejecting customer requests for refunds after all flights were cancelled following government instruction.
No-one who calls the airline is getting through, and representatives for the airline are tight-lipped on whether refunds will ever be processed.
The Chinese government has reportedly rejected several applications for bankruptcy protection from the airline previously, although it’s unclear whether the most recent application was accepted.
Independence is a Dying Breed
One of the very few independent airlines in China, Hainan Airlines was established in 1989 inside one of China’s ‘special economic zones.’ After restructuring in 1992, 5.33% of the company…
