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Bloomberg
Airbus SE has received “hundreds of millions of dollars†in pre-delivery payments from carriers under the Hainan Airlines Holding Co. umbrella and is sufficiently protected from any financial risks involving the customer, John Leahy, the European planemaker’s chief of sales, said.
“We build airplanes so you’d have an industrial risk if they were to get into some serious financial difficulty,†he told.
“We have airplanes coming down the assembly line for airlines in the Hainan group, but we also have pre-delivery payments—significant, hundreds of millions of dollars in pre-delivery payments to cover our industrial exposure. So we wouldn’t be that directly impacted†by any crisis tied to the Chinese company.