FlyerTalk Forums - View Single Post - OT: all-new HK Express U-Biz fares

Apr 21, 2017 | 8:30 pm

#9

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Quote:

Originally Posted by fallinasleep

Also interested in your source for their cash burn?

Just ask HK Express people and you will know the magnitude of their losses. The margins are shocking. The current CEO needs to be replaced.

And, HKExpress acquired Zuji?

A bad investment as Zuji has never worked with airline ownership and when your business model is all about direct sales, why complicate it with travel agency sales. Additional overhead cost, low margin and unprofitable business from experience. Bad bad management and decision by UO management.

I hope HK Express succeeds. They have a nice little route network, flying to leisure destinations that would otherwise require connections from Hong Kong or a plane-train transfer.

HNA Group has money to throw but for how long when its business doesn't generate enough profit to keep it going. Only matter of time. Look at HK Airlines, another basket case with poor corporate governance. No wonder they chose not to do the IPO. That says alot doesn't it. Money laundering and illegal transactions.

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