Regional Round-Up
Trouble deepens for Hong Kong Airlines
September 1st 2012
Hainan Airlines’ subsidiary, Hong Kong Airlines (pictured),has put its initial public offering on hold, cancelled its loss-making premium cabin only Hong Kong-London daily service and had its fleet expansion frozen by the Hong Kong Civil Aviation Department (CAD). Read More »
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Last month, the CAD announced that the airline would not be able to add to its fleet of 21 aircraft without its approval because the CAD had concerns about the safety at the airline. “With a very rapid expansion of the aircraft fleet in recent years, CAD considers that it is time for Hong Kong Airlines to catch up with its current fleet size by consolidating their existing operations,” said the CAD.
The all-business A330-200 daily service between London and Hong Kong, which was launched in March, was estimated to have produced monthly losses of US$1.3 million.
