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To meet the expected surge in hybrid demand, Terashi said he is planning to increase production capacity for hybrid components mainly by adding capacity at existing plants. Toyota has initially courted its partner automakers. It already supplies the plug-in hybrid system for Subaru Corp’s Crosstrek SUV crossover model, and last month Toyota announced that it would be a global supplier of hybrid systems to compact car maker Suzuki Motor Co. The success of the Prius has helped to brand Toyota as a maker of affordable, reliable green cars and has been key to the automaker’s reputation as a leader in low-emissions vehicle technology antique silver cufflinks uk.

HONG KONG (Reuters) – Hong Kong Airlines shareholders have demanded to see 2018 accounts before considering providing at least HK$2 billion ($255 million) needed to ensure the carrier – part owned by the indebted HNA Group – keeps its license, two sources said. The demand came at a tense extraordinary shareholder meeting last week and at which former majority owner HNA did not speak at all, the sources said of the discussion, which has not previously been reported antique silver cufflinks uk. Shareholders questioned the airlines’ dealings with other HNA firms, including querying the prices paid to lease planes from affiliates as well as the cost of materials bought from them, the sources said, declining to be identified as the information was not public..

Hong Kong Airlines said, as a private company, it does not comment on its financial activities. HNA declined to comment. Just weeks earlier, Hong Kong’s Air Transport Licensing Authority (ATLA) demanded the airline detail plans to improve finances. ATLA declined to comment further on Friday antique silver cufflinks uk. ALTA’s demand came after a travel insurer in January dropped protection against the airline’s collapse, prompting the airline to reassure customers it was operating as normal. A month before, the airline suffered a series of executive departures..

Meanwhile, the formerly acquisitive HNA – a planes-to-banking Chinese conglomerate – has been working to improve finances since China cracked down on aggressive debt-fuelled foreign dealmaking began in mid-2017. At that point, a $50 billion spree had netted HNA assets including the single largest stake in Deutsche Bank. It has since been selling off holdings, including low-cost carrier Hong Kong Express Airways last month. At last week’s meeting, Hong Kong Airlines executives told shareholders that without fresh funds, the airline’s operating license was at risk, said the people familiar with the matter antique silver cufflinks uk.

Executives then discussed raising HK$2 billion via share placements, the people said. Such a move would significantly dilute the holdings of shareholders if they do not participate antique silver cufflinks uk. Major shareholders include Chinese private equity firm Frontier Investment Partner with about 34 percent, and Zhong Guosong, a former executive and director of the airline, at about 27 percent. HNA cut its stake in the carrier two years ago and currently owns 29 percent through Hainan Airlines, its mainland flagship airline and China’s fourth-largest carrier..