Yau’s Move to Greater Bay Airlines
Cathay Dragon stopped its business in October by the massive restructuring, and job cutting within the wider Cathay Pacific group. Yau’s retirement from Cathay Group concurred with the closure of the airline and the winding down of its affairs.
About Greater Bay Airlines
Greater Bay Airlines is expected to benefit from the closure of Cathay Dragon, which provides an empty position for the potential carrier (which lacks an AOC at present) to takeover the relinquished routes and slots. The major opponent, Hong Kong Airlines (HKA), continues to operate and recently has just slightly managed to return to breaking even financially, by cabin load cargo flights.
Yau is the latest members of former Dragon staff members and industry veterans to assist in the corporate development of Greater Bay Airlines – including Yau’s predecessor in Dragonair and Airport Authority, Stanley Hui Hon-chun, ho join’s Bill Wong’s team as chief adviser to Wong. Wong also owns the Shenzhen-based Donghai Airlines, currently holding a fleet of more than 20 Boeing 737 aircraft and investing HK$2 billion to launch GBA, with a starting staff of 300 according to a report from the South China Morning Post earlier this year.
The new low cost carrier is estimating to operate up to 30 aircraft by 2025, with a team of 3000 staff, including the manpower from the ex-dragon.
What are your thoughts on this new carrier? Let us know in the comments below!