Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Chinese tycoon bets on Hong Kong travel rebound with new airline

Greater Bay Airlines has leased three jets and is hiring up to 500 staff
Even as one Hong Kong airline disappears under the pressure of the coronavirus pandemic after 35 years of operations, another is rising to take its place.

Greater Bay Airlines, which takes its name from Chinese President Xi Jinping's pet project to integrate Hong Kong and Macao with Shenzhen, Guangzhou and other cities in Guangdong Province, has started hiring staff and preparing paperwork and aircraft to be able to take to the skies by mid-2021.

Embodying the Greater Bay Area notion, the airline is the brainchild of Chinese property tycoon Huang Chubiao, who owns Shenzhen-based carrier Donghai Airlines.

"We know it comes at a time when aviation is facing this unprecedented crisis," Stanley Hui Hong-chung, an industry veteran who is advising Huang, told Nikkei Asia in a recent interview. "(But) he is damn serious about this project."

Hui previously served as chief executive of Dragonair, the airline later renamed Cathay Dragon, which Cathay Pacific Airways shut down abruptly on Oct. 21. He also has been chief executive of the Airport Authority of Hong Kong and is currently an independent board director at Air China, which in turn is a major shareholder of both Cathay Pacific and Shenzhen Airlines.

Hui bases his optimism about the recovery of the local aviation market on his experience leading Dragonair through the SARS epidemic in 2003.

"Demand dried up and it was very frightening," he said. "(But) the reality is, I think eventually these things will be overcome," he added, expressing faith in the emergence of effective vaccines and treatment for COVID-19 by next year.

Donghai Airlines, which launched cargo flights in 2006, moved into passenger operations in 2014 and now serves 54 cities, including international routes to Naypyidaw and Darwin, Australia, according to its website.

The entrance of Huang, also known as Bill Wong, into Hong Kong aviation is a natural extension of the earlier venture, with "a push from the policy direction of the country on Greater Bay," Hui said.

From Hui's perspective as a 45-year industry veteran, "establishing a new airline is very different" from the challenges facing industry incumbents like Cathay amid the pandemic.

"It's a very different situation compared with airlines that are so big," he said. "This [is an] unprecedented crisis, and they have to downsize... It's extremely painful for existing airlines."

In preparation for launch, Greater Bay Air has signed a lease for three secondhand Boeing 737-800 narrow-body jets, the same model that Donghai operates, and it plans to secure two more by the end of next year. It applied for a Hong Kong air operator's certificate in May.

The company aims to hire 400 to 500 staff under the recruitment drive launched in mid-October, shortly before Cathay announced it would cut 5,300 positions in Hong Kong.

Hui said some former Cathay staff have put in applications. "It would be natural that people with the right skills would be considered," he said.

The new airline intends to serve routes to China, East Asia and Southeast Asia, Hui said without specifying targets though acknowledging they are likely to overlap with some of the 46 routes that were served by Cathay Dragon.

Although Cathay Pacific Chairman Patrick Healy has said he hopes that Cathay and sister carrier Hong Kong Express can take over most of those route rights, the Hong Kong government has said that any interested carrier can apply to get them.

"It is too early to speculate" on whether Greater Bay will vie for the rights, Hui said, indicating the company will first need a full set of operating licenses.

Hui and Huang have become close while serving together as members of the Chinese People's Political Consultative Conference, Beijing's top advisory body.

Asked whether their personal networks will help get Greater Bay airborne, Hui said: "We all have to go through exactly the same process regardless of who you are and what you are. I would not play up anything on so-called political connections."
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
U.S. Goods Imports Plunge Nearly 20% Amid Tariff Disruptions
Italy Faces Population Decline Amid Youth Emigration
Trump Accuses China of Violating Trade Agreement
OpenAI Faces Competition from Cheaper AI Rivals
Foreign Tax Provision in U.S. Budget Bill Alarms Investors
Russia Accuses Serbia of Supplying Arms to Ukraine
Gerry Adams Wins Libel Case Against BBC
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
EU Majority Demands Hungary Reverse Anti-LGBTQ+ Laws
Top Hotel Picks for 2025 Stays in Budapest Revealed
Iron Maiden Unveils 2025 Tour Setlist in Budapest
Chinese Film Week Opens in Budapest to Promote Cultural Exchange
Budapest Airport Launches Direct Flights to Shymkent
Von der Leyen Denies Urging EU Officials to Skip Budapest Pride
Alcaraz and Sinner Advance with Convincing Wins at Roland Garros
EU Ministers Lack Consensus on Sanctioning Hungary Over Rule of Law
EU Nations Urge Action Against Hungary's Pride Parade Ban
Putin's Helicopter Reportedly Targeted by Ukrainian Drones
U.S. Considers Withdrawing Troops from Europe
Russia Deploys Motorbike Squads in Ukraine Conflict
Critics Accuse European Court of Human Rights of Overreach
Spain Proposes 100% Tax on Non-EU Holiday Home Purchases
German Intelligence Labels AfD as Far-Right Extremist
Geert Wilders Threatens Dutch Coalition Over Migration Policy
Hungary Faces Multiple Challenges Amid EU Tensions and Political Shifts
Denmark Increases Retirement Age to 70, Setting a European Precedent
Any trade deal with US must be based on respect not threats', says EU commissioner
UK Leads in Remote Work Adoption, Averaging 1.8 Days a Week
Thirteen Killed in Russian Attacks Across Ukraine
High-Profile Incidents and Political Developments Dominate Global News
Netanyahu Accuses Western Leaders of 'Emboldening Hamas'
Ukraine and Russia Conduct Largest Prisoner Exchange of the War
×