Cathay Pacific---Will its onerous path lead to bankruptcy?
Sep 14, 2019, 3:31 pm
#61
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I don't know. But, one of CXs shareholder CITIC is facing some financial difficulties, one of its subsidiary in Beijing is going through bankruptcy. As CNY loosing value slowly, CITIC, a giant that is backed by Chinese government, needs CX to pay great dividend in order to meet its target.
I don't think many relevant parties, including CZ itself, really support the "CZ in Oneworld" idea. I expect stronger bilateral partnerships with AA and maybe BA as face saving middle ground.
Sep 15, 2019, 2:03 am
#62
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China Southern is very much in the bid to join Oneworld. There is no incentive for them to leave Sky Team if no promise was made to them. After all its subsidiary just joined ST few years with them. Even now MU are a preferred member in ST now, CZ still enjoys the membership benefits. Exit ST is done on consideration of a calculated step. Bilateral does not help CZ and its ambition to develop PKX. Without ability to earn elite qualifying miles, lounge access and alliance wide fares participating, CZ could not attract passengers on its own and codeshares. CZ management knows that, Mr. MA the former MU man knows that too.
Sep 15, 2019, 4:39 am
#64
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CITIC still holds 15% if my memory is correct.
China Southern is very much in the bid to join Oneworld. There is no incentive for them to leave Sky Team if no promise was made to them. After all its subsidiary just joined ST few years with them. Even now MU are a preferred member in ST now, CZ still enjoys the membership benefits. Exit ST is done on consideration of a calculated step. Bilateral does not help CZ and its ambition to develop PKX. Without ability to earn elite qualifying miles, lounge access and alliance wide fares participating, CZ could not attract passengers on its own and codeshares. CZ management knows that, Mr. MA the former MU man knows that too.
China Southern is very much in the bid to join Oneworld. There is no incentive for them to leave Sky Team if no promise was made to them. After all its subsidiary just joined ST few years with them. Even now MU are a preferred member in ST now, CZ still enjoys the membership benefits. Exit ST is done on consideration of a calculated step. Bilateral does not help CZ and its ambition to develop PKX. Without ability to earn elite qualifying miles, lounge access and alliance wide fares participating, CZ could not attract passengers on its own and codeshares. CZ management knows that, Mr. MA the former MU man knows that too.
Sep 15, 2019, 5:21 am
#65
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Sep 15, 2019, 8:47 am
#66
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Sep 15, 2019, 8:51 am
#67
Join Date: Jun 2016
Location: HKG/YVR/CGO
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Sep 15, 2019, 9:02 am
#70
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Well yes, but in the real world beyond the confines of FlyerTalk, the number one priority for the vast majority of people is cost. And on that, for many routes, the Chinese carriers do OK.
Sep 15, 2019, 9:07 am
#71
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Chinese carriers will capture some foreign traffic into China but the non-Chinese passenger who is willing to transit China en route to somewhere else is a rare bird indeed.
Sep 15, 2019, 9:14 am
#72
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I don't know enough people to judge, but I do know someone (not ethnically Chinese) who is booked to fly HK to London and back next Easter on Air China via Beijing because it was HK$2000 cheaper than any other alternative at the time of booking.
Sep 15, 2019, 9:18 am
#73
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Alternatively it might be because the Chinese carriers offer them less commission, but maybe that's just me being cyncial.
Sep 15, 2019, 9:31 am
#74
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CITIC still holds 15% if my memory is correct.
China Southern is very much in the bid to join Oneworld. There is no incentive for them to leave Sky Team if no promise was made to them. After all its subsidiary just joined ST few years with them. Even now MU are a preferred member in ST now, CZ still enjoys the membership benefits. Exit ST is done on consideration of a calculated step. Bilateral does not help CZ and its ambition to develop PKX. Without ability to earn elite qualifying miles, lounge access and alliance wide fares participating, CZ could not attract passengers on its own and codeshares. CZ management knows that, Mr. MA the former MU man knows that too.
China Southern is very much in the bid to join Oneworld. There is no incentive for them to leave Sky Team if no promise was made to them. After all its subsidiary just joined ST few years with them. Even now MU are a preferred member in ST now, CZ still enjoys the membership benefits. Exit ST is done on consideration of a calculated step. Bilateral does not help CZ and its ambition to develop PKX. Without ability to earn elite qualifying miles, lounge access and alliance wide fares participating, CZ could not attract passengers on its own and codeshares. CZ management knows that, Mr. MA the former MU man knows that too.
Sep 15, 2019, 9:40 am
#75
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The product quality of most Chinese airlines on longhaul flights has improved dramatically in the past few years. Just as fast as China is evolving. And their pricing is very competitive, including in J.
Tons of Europeans fly to China on Chinese airlines. And airlines are attacking the transit market, although BEI and PVG are positioned far from South East Asia but OK for Northern Asia.