Cathay takes full control of freighter Air Hong Kong
Cathay takes full control of freighter Air Hong Kong | South China Morning Post
Well this should be interesting... Cathay Dragon, Cathay Pacific, Air Hong Kong - One big happy family! Déjà vu for AHK in terms of ownership! |
https://www.ch-aviation.com/portal/n...-air-hong-kong
Cathay Pacific to acquire full control of Air Hong Kong 07JUL2017 Cathay Pacific (CX, Hong Kong Chek Lap Kok) has announced plans to buy out DHL Group of its 40% stake in Air Hong Kong (LD, Hong Kong Chek Lap Kok). Cathay Pacific, which owns the majority 60% stake, said in a Hong Kong Stock Exchange disclosure on Friday, July 7, that it had entered into a non-binding MOU which will take effect on December 31, 2018 ending the two sides' current joint venture and block space agreements. Other terms of the deal include Air Hong Kong and DHL Group entering into a sale/leaseback transaction regarding the carrier's eight A300-600(F) freighters. A new block space agreement will also be negotiated under which Air Hong Kong will sell space to DHL on an agreed network of overnight Asian freight routes. |
There's no money in freight.
|
Originally Posted by Dan Winterland
(Post 9826168)
There's no money in freight.
Just no money for YOU. |
If memory serves, someone was screaming from the roof tops about AHK some years ago but it fell on deaf ears. The DFO, RH, wrote an email saying that it wasn't a big deal. Well, I guess we should have been paying more attention.
Sometimes the AOA just cannot see the forest through the trees. A lot of new freighter commanders should be ready for the new COS17 and get ready to be transferred to AHK. Do not forget they have old A300s as well. |
What should the AOA have done about it?
|
Do not forget they have old A300s as well |
Could it be that DHL pulled the plug???
|
But more importantly, will they bring back the old 70's porn star leather jackets now?
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Originally Posted by Max Reheat
(Post 9827208)
Could it be that DHL pulled the plug???
|
Originally Posted by Dan Winterland
(Post 9826168)
There's no money in freight.
|
Originally Posted by Loopdeloop
(Post 9827222)
But more importantly, will they bring back the old 70's porn star leather jackets now?
|
Air Hong Kong might not be the only acquisition target... HK Airlines going cheap pretty soon by the sounds of it.
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