July 31, 2014 10:50 PM ET

Airlines

Company Overview of Hong Kong Airlines Ltd.

Company Overview

Hong Kong Airlines Ltd. provides passenger and cargo air transportation services to destinations in the Mainland China, Taiwan, and Southeast Asia. It provides air cargo transportation services in the areas of express and priority shipments, live animals transportation, dangerous goods transportation, courier services, charter services, and on forwarding services. The company was formerly known as CR Airways Ltd. and changed its name to Hong Kong Airlines Ltd. in November 2006. Hong Kong Airlines Ltd. was founded in 2001 and is based in Lantau, Hong Kong.

7th Floor

One Citygate

20 Tat Tung Road

Tung Chung

Lantau,  

Hong Kong

Founded in 2001

Phone:

852 3151 1800

Fax:

852 3151 1838

Key Executives for Hong Kong Airlines Ltd.

Chief Executive Officer
President
Founder and Chairman
Chief Financial Officer
Chief Operations Officer
Compensation as of Fiscal Year 2014.

Hong Kong Airlines Ltd. Key Developments

HK Airlines Reportedly Eyes Having IPO In Two Separate Currencies

Hong Kong Airlines Ltd. is planning an initial public offering worth $500 million denominated in both the Chinese Yuan (CNY) and the Hong Kong Dollar (HKD), The South China Morning Post reported. Though no official announcement has been made as yet, the IPO may be held in the fourth quarter of 2014. A dual-currency listing on the Hong Kong Stock Exchange can be made under two models currently in place. Of the two options, Hong Kong Airline will be looking to take the Dual Tranche, Dual Counter (DTDC) route, under which its shares will be sold in both currencies and listed with separate codes. Though the two stocks will be listed separately, shareholders will enjoy the same rights for each.

Hong Kong Airlines Signs Code Share Agreement with Air India

Hong Kong Airlines has entered into a code share agreement with Air India in Delhi on May 30, 2014. As per the agreement, HKA would place its code (HX) on Air India operated direct flights between Hong Kong and three other cities that include Delhi, Osaka, and Seoul respectively. Following the agreement, the passengers would now be able to book on HKA, with Air India as the operating carrier, to an expanded destination network, while HKA customers would be able to enjoy increased access to some key parts of India, Japan and Korea. The airline would operate thrice weekly (Tuesday/Thursday/Saturday) flights between Hong Kong and Delhi and Hong Kong and Osaka, whereas between Hong Kong and Seoul, the airline would operate a four times weekly flight (every Monday/Wednesday/Friday/Sunday), using Air India's latest Boeing 787 Dreamliner.

Hainan Airlines Plans To Acquire HNA's Subsidiaries

Hainan Airlines Co., Ltd. (SHSE:900945) is planning to acquire HNA Group Co., Ltd.'s stakes in its subsidiaries within three years from 2012 to 2015. The acquisition will include stakes in Tianjin Airlines Co. Ltd., West Air Company Ltd., Hong Kong Airlines Ltd. and Beijing Capital Airlines Co. Ltd. Hainan Airlines will also acquire Grand China Air Co., Ltd. by 2017.

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