Expansion out of tandem
Currently, we have commitments for the purchase/leasing of Q Boeing 787 aircraft
and 3 Boeing 777-BOOER, all due for delivery from Q4 2013. In addition to the above,
we have options on 4 other 787 aircraft. From mid this year, we will take delivery of 8
E-190 jets, one a month till February 2013. All in all, by 2021, our fleet size will
increase from the current 34 to 107. This will allow us to both increase our
frequencies and grow our destination coverage from 56 currently to 115.
Where is KQ planning to park these aircraft? The expansion at HKJK is insufficient for what they currently have. Other local airlines are also expanding and airlines are commencing flights to NBO every other month. ETIHAD latest one in March 2012.
Are they planning to set up a new hub in HKMO MBA? This expansion makes no business sense!
Where is the money for this ambitious expansion coming from? Rights issues? Only a fool would invest in this expansion given how poor KQ's bottom line is.
What's the rush for expatriates? Sounds like a case of the cart before the horse.