We are already seeing that happen with HNA.

HNA seems to have made money on disposed assets so far. Maybe they are hanging onto the losers for now.

They are about to take a huge loss on an old Park Avenue building in NYC. They made out on HK plots they sold. Heaven knows what will happen when they start unloading mainland properties.

Interesting to see how much the NYC property will go for. I don't think the regulators are that concerned about HNA's properties in China. Domestically it is a zero sum game. Their loss would be someone else's gain, as long as solvency of the banks is not threatened.

They have to pay their loans...I think it is only a matter of time until Hainan Airlines starts having problems paying for fuel.