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@Tenderloin
I was thinking about this and I know it won't happen but in my head it makes sense (yes, maybe I need it checking)
It would be a 6 month loan - United are out of the FA cup, we are out of the Coca-Cola cup. Both still in Europe, realistically we are not competing with one another in the league.
Hernandez wants first team football but United don't want to sell him now (likely worth more in Summer/more available replacements) he would definitely get game time and goals for Arsenal in the EPL and they could afford to pay the whole of his salary.
So to me it makes sense, for both teams.