Xiangjiang Airlines is developing prosperously, but Cao Guangbiao, who is in the chairman's office of Cathay Pacific Airways, is not in a good mood after taking over the company.

The resignation of half of Cathay Pacific's staff, the hiring scandal in mainland China, and the suspension of some routes have dealt a huge blow to Cathay Pacific. Coupled with the price competition from Xiangjiang Airlines, Cathay Pacific is currently unable to make any profits at all.

In particular, the Hong Kong Kai Tak Airport Management Office made some adjustments to their flight schedules, which made Cathay Pacific even more uncomfortable.

At 9:30 in the morning, Fok Yingdong, Pao Yugang, Dong Haoyun, Hu Yingxiang and others came to Cathay Pacific Airways one after another to discuss the current difficulties faced by Cathay Pacific Airways.

In the conference room of Cathay Pacific Airways, not only Pao Yugang and others were present this time, but Cathay Pacific General Manager Zhou Chuanhui also attended the meeting.

Zhou Chuanhui said to Cao Guangbiao and others: At present, due to the flight schedule, our airline's passenger flow has not been high, and some of our aircraft are idle, which has also increased our maintenance costs. Especially our aircraft are all

For maintenance at Xiangjiang Aircraft Engineering Company, their prices are the same as those charged by other airlines, which makes Cathay Pacific lose some of its previous advantages in the ancient times.

Later, Zhou Chuanhui also reported on some of the many problems faced by Cathay Pacific, but there was no solution that could be proposed. Cao Guangbiao was quite dissatisfied with the general manager. If he hadn't really had no one in his hands, and at the same time taking into account some of the implications,

Cao Guangbiao will let him go immediately.

After Cao Guangbiao finished his report, he asked him to leave the conference room. Zhou Chuanhui no longer needed to discuss here.

Huo Yingdong said: Guang Biao, if it doesn't work, you can concurrently serve as the general manager of Cathay Pacific Airways and let the professionals there serve as your assistants. Otherwise, if this continues, Cathay Pacific Airways will only be dragged down.

Cao Guangbiao actually knows that even if he becomes the general manager, it will be very difficult to reverse the current situation of Cathay Pacific. This is not only the competition from Xiangjiang Airlines, but also the Xiangjiang government is suppressing it intentionally or unintentionally.

And Cathay Pacific hopes to add more routes to the mainland, but none of them has been approved.

Cao Guangbiao said: Yingdong Yugang, now we must first consider the problem of our idle aircraft and how to deal with it now. Our route does not need so many aircraft now. If we keep them, our company will pay more for maintenance costs.

Faced with this situation, Huo Yingdong and others could only consider transferring the idle aircraft. Keeping them in their own hands was just a burden. It would be better to transfer them out and bring some liquidity to the company.

Bao Yugang said: Guangbiao, if it is to be transferred, do you have any goals to take over now?

Cao Guangbiao said: Yugang, I plan to sell 6 of our company's older aircraft to raise funds for subsequent development. We still need to think about the target, and you and Haoyun need to worry more about this aspect.

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Cao Guangbiao and Huo Yingdong are not as close as Bao Yugang and Dong Haoyunguang. These two world-class shipping kings have some connections in various regions. It is relatively easy for them to contact the airline to take over.

There is no need to think about Xiangjiang Airlines. New planes are being added every month. They really have no shortage of planes. Moreover, Li Guangyu also looks down on these backward second-hand planes. All that Xiangjiang Airlines has ordered are

This is true for the most advanced aircraft in civil aviation at present, whether they are Boeing's 747200 or Airbus' A300B2.

Bao Yugang said: Guangbiao, after I go back, I will contact some airlines in Southeast Asia to see if they are willing to take over these aircraft.

Then they began to discuss the route problem of Cathay Pacific. If this problem is not solved, Cathay Pacific will never develop.

This problem is now quite difficult, especially after Hong Kong Airlines was blocked from opening routes there. It is even more difficult for Cathay Pacific Airways to obtain routes there from the Hong Kong Transport and Housing Authority.

After everyone present was silent for a while, Pao Yugang spoke: If Cathay Pacific wants to develop, the biggest problem is Li Guangyu. If we cannot reach an agreement with him on this issue, it will be basically impossible for Cathay Pacific to develop and grow.

existence.

Bao Yugang knows very well that it is almost impossible to reach an agreement with Li Guangyu on this issue. Bao Yugang is also very anxious now.

Li Guangyu doesn't seem to care about the market there at all. The opening of the long-distance route to Baodao today marks the first step of Xiangjiang Airlines' outward expansion. In the future, Xiangjiang Airlines will no longer only have Xiangjiang to other destinations.

Regional routes.

This time it was from Taoyuan to Bangkok. He believed that Xiangjiang Airlines would open more routes from Taoyuan to other regions in the future. However, Bao Yugang knew that Xiangjiang Airlines' Taoyuan base was under construction.

However, Cathay Pacific Airways does not have such ability. Pao Yugang does not think that his airline can easily enter other regions to compete with local airlines. They do not have the strength of the Li Group.

Pao Yugang is not optimistic about the future of Cathay Pacific Airways. They will not be able to wait until 1997. In the past ten years, the Hong Kong government will obviously impose restrictions on Cathay Pacific Airways, and Hong Kong Airlines will not

Give up the suppression of Cathay Pacific.

What worries Pao Yugang is that once Hong Kong's economy is in turmoil, some of their shareholders will be very uncomfortable. For example, Dong Haoyun is already having a very difficult time maintaining his shipping company.

They had borrowed a lot of money to acquire Cathay Pacific Airways. If they kept losing money like this, few people would be willing to continue to hold shares in Cathay Pacific Airways.

Huo Yingdong and others also know where the problem lies, but now it has become a dead end that cannot be solved in a short time.

Bao Yugang is a little better. If they go to discuss this with Li Guangyu, it is estimated that Li Guangyu will see the guests off directly. Now the Li's consortium has become more and more closely connected with several major families, and they use investment companies to bundle their interests. According to rumors

Now investment companies are acquiring the shares of some small shareholders of Hutchison Whampoa, and by then Hutchison Whampoa will be their community of interests.

Last night, the He family held another dinner party, and several branches of the He family, the Luo family, and Li Guangyu attended. Thinking of these forces, Huo Yingdong was full of worry, especially at this juncture.

Fok Yingdong understands that the current problem is not just the airline's problem, but also extends to more problems. If these problems are not solved, it will be impossible for Cathay Pacific Airways to stop such targeting of Xiangjiang Airlines.

Huo Yingdong felt that he needed to communicate with the senior management there. The matter had to be resolved quickly, otherwise it might not only be his airline's problem.

Huo Yingdong is very concerned about some of the investments made by the Li Group. Some of Guangyu's actions make Huo Yingdong feel that he is leaving enough escape routes for the future. This is also the thing that worries Huo Yingdong the most. The Li Group has too much influence now.
Chapter completed!