Shenzhen Li Ka Shing hands! Will the monopoly of Hong Kongs aviation industry be broken?

category:Finance
 Shenzhen Li Ka Shing hands! Will the monopoly of Hong Kongs aviation industry be broken?


At present, there are four major airlines in Hong Kong that mainly provide air passenger services, including Cathay Pacific, Cathay Pacific dragon, Hong Kong Airlines and Hong Kong Express. In addition to Hong Kong Airlines, Cathay Pacific Dragonair and Hong Kong Express are wholly-owned subsidiaries of Cathay Pacific. Cathay Pacific accounts for about 80% of the Hong Kong aviation market.

According to 21 reporters, any company applying to provide flight services in Hong Kong must apply to the civil aviation department, the air transport licensing authority and the transport and Housing Bureau respectively.

Among them, the air transport licensing authority is responsible for licensing local airlines to operate scheduled flights between Hong Kong and other parts of the world; the civil aviation department is responsible for examining and approving whether the technology and safety of the airline meet the relevant requirements; the company also has to apply to the transport and housing bureau to become a local airline company.

It has been renamed many times

21 according to the information of the Hong Kong Companies Registry, Dawan District Airlines was incorporated as early as May 24, 2010, and it has been renamed several times since then. The original registered name was Donghai airlines, and it was renamed as Donghai Airlines (Hong Kong) on January 17, 2019, and renamed as Hong Kong Bauhinia airlines in December 2019, and finally renamed as Dawan District Airlines on July 8 this year.

In addition to Huang chubiao, Dawan District Airlines has three directors, including his wife Li Huiqun and Li Zhimin, vice chairman of Shenzhen Donghai group. Huang chubiao is known as Shenzhen Li Ka Shing. In 1985, he established Donghai group in Shenzhen, engaged in real estate and hotel business. In 2006, he established Donghai airlines to operate civil aviation and logistics transportation.

According to the companys official website, the main base of East China Sea Airlines is located in Shenzhen, with about 2500 employees. At present, the company carries out 93 routes, reaching 54 cities. In December 2017, it began to provide international routes from Shenzhen to Pattaya and Fuguo island.

Huang chubiao has previously told the media that Donghai airlines will take root in Shenzhens main base, serve the construction of Guangdong, Hong Kong and Macao Bay area, and strive to become the most distinctive private airline in Guangdong, Hong Kong and Macao.

It is understood that Dawan District Airlines is considering low-cost aviation mode (LCC) operation, mainly between the mainland, Southeast Asia and Northeast Asia, the main aircraft type is Boeing 737. According to the official website of East China Sea airlines, the company has 23 Boeing 737-800 aircraft. It is estimated that the fleet size will reach 40 by the end of this year and increase to 80 in five years.

Jetstar aviations failure

As a matter of fact, as early as 2012, Jetstar Hong Kong Airlines Limited, a joint venture of China Eastern Airlines and Australian Airlines (hereinafter referred to as Qantas) in Hong Kong, submitted an application for an aviation license in Hong Kong. However, Cathay Pacific objected to it for three years and was finally refused the license.

Jetstar Hong Kong, established in March 2012 with a registered capital of US $115 million, is the first low-cost airline operating in Hong Kong with 50% equity held by China Eastern Airlines and Qantas airlines. It plans to serve destinations within five hours from Hong Kong, including Southeast Asian countries, Japan and South Korea.

At that time, Cathay Pacific objected mainly on the basis that Jetstar Hong Kong was an airline operated in Hong Kong by Australias Jetstar Airlines and Qantas, which was managed and controlled by Australias parent companies Jetstar and Qantas, which did not comply with the basic law of Hong Kong that the applicant for an aviation licence must have Hong Kong as its main place of business.

To this end, Jetstar Hong Kong once tried to strengthen its Hong Kong as its main business place, and in June 2013, it introduced the Shun Tak Group of Mr. Hos family as one of the three major shareholders. For new competitors to join, Cathay Pacific chairman he Yili recently responded after the shareholders meeting that the aviation industry is a competitive industry, Cathay Pacific has been competing with hundreds of airlines. All along, Cathay Pacific mainly aims at high-end business customers to create a brand image of high, rich and handsome. However, in recent years, with the emergence of Asias low-cost airlines, which continue to erode the market share of traditional airlines, Cathay Pacific also began to seek strategic transformation. In July last year, Cathay Pacific completed the acquisition of Hong Kong Express, which means Cathay Pacific has controlled three of the four local airlines in Hong Kong. Extended reading of the State Council: agree to deepen the innovative development of service trade in 28 regions_ NF4368

To this end, Jetstar Hong Kong once tried to strengthen its Hong Kong as its main business place, and in June 2013, it introduced the Shun Tak Group of Mr. Hos family as one of the three major shareholders.

For new competitors to join, Cathay Pacific chairman he Yili recently responded after the shareholders meeting that the aviation industry is a competitive industry, Cathay Pacific has been competing with hundreds of airlines.

All along, Cathay Pacific mainly aims at high-end business customers to create a brand image of high, rich and handsome. However, in recent years, with the emergence of Asias low-cost airlines, which continue to erode the market share of traditional airlines, Cathay Pacific also began to seek strategic transformation. In July last year, Cathay Pacific completed the acquisition of Hong Kong Express, which means Cathay Pacific has controlled three of the four local airlines in Hong Kong.