Hong Kong Airlines undertook aggressive fleet expansion to launch long-haul low-cost routes. Diminished air travel in Hong Kong, caused by ongoing civil unrest, exacerbated the airline’s problems.
To comply with new requirements set by Hong Kong’s civil aviation authority last week, the company obtained a $568 million USD capital injection from the HNA Group. This will allow it to continue operations.
Key Concepts
- Hong Kong Airlines undertook aggressive fleet expansion to launch long-haul low-cost routes.
- Diminished air travel in Hong Kong, caused by ongoing civil unrest, exacerbated the airline’s problems.
- To comply with new requirements set by Hong Kong’s civil aviation authority last week, the company obtained a $568 million USD capital injection from the HNA Group. This will allow it to continue operations.
