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FEBRUARY 2023

Cover Story

Finally flying

Hong Kong’s Greater Bay Airlines faced plenty of hurdles before its scheduled launch last year, not least the continuing closure of the key target market of China. But it was determined not to be a paper airplane and adjusted plans. Now, after China re-opened in January, its future looks bright. Associate editor and chief correspondent, Tom Ballantyne, speaks to GBA CEO, Stanley Hui.

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February 1st 2023

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If there is one point Stanley Hui, CEO of Greater Bay Airlines (GBA), is adamant in emphasizing it is the Hong Kong start-up is definitely not a traditional low-cost carrier (LCC). Read More » Its three leased B737-800s may be operating with all-Economy configurations at the moment, but when its new B737 MAX aircraft begin arriving in the GBA fleet in the second half of 2024, they will be equipped with Business Class cabins.

“This is something I need to clarify,” Hui told Orient Aviation earlier this month. “We are not really low-cost. What does low-cost mean? As a business entity, we need to be careful of our costs, but we are not operating exactly the same way as other low-cost carriers.

"I appeal to the different governments and airport authorities to pressure their operators to ensure a lack of manpower does not become a reason for an airline not to return to those cities, the destinations they want to service or to resume services. Air services are important to the economies of countries and cities because they bring in people to do business. They bring in tourism receipts. They bring in lots of different other outcomes. This is my appeal to airport management companies"
Stanley Hui
Greater Bay Airlines CEO

“In terms of fares, we go with the market. You can be competitive, but at the same time when demand is strong you will be adjusting. Low-cost? I don’t know how you define that. Low-cost can mean seating, down to 28 inches, totally packed, but we are not. We are a little bit better than 28 inches. We are much better than preset recline and we go into popular destinations with daily frequencies.

“In fact what we officially call ourselves is more of a value carrier.”

The concept, he explained, is similar to Virgin Australia. “That really is what Virgin Australia is trying to be. We don’t have Business Class yet for different reasons when you source leased aircraft,” he said.

“But for [our] new aircraft we are going to introduce they will come with a Business Class. So, in terms of positioning, I would say we are something much further than an LCC, but we will be a little bit lower than Cathay Pacific, for obvious reasons.

“Cathay has wide-body aircraft. We don’t. So, very much like Virgin Australia trying to compare with Qantas in Australia.

“When the new aircraft arrive they will have the most up-to-date inflight entertainment system and programming and inflight WiFi. You don’t find that with traditional LCCs.”

The past year has been frustrating for GBA. Early in 2022, Hong Kong’s Air Transport Licensing Authority (ATLA) awarded GBA a five-year permit to operate scheduled commercial flights, with immediate effect, to 104 destinations across the Asia-Pacific. Almost 50% of the destinations are to the Mainland, but the ongoing closure of China’s air travel market put the brakes on GBA’s primary aim, tapping into that vast market. The rights included 48 routes to Mainland China, 13 to Japan, six to Thailand, five to Vietnam, five to the Philippines and four each to Taiwan, Indonesia and South Korea.

Not that GBA would have been using all these rights. “In reality, it does not mean much. In my mind, it is having the rights to operate to whatever destinations you have in mind,” Hui said.

“Anyway, were we frustrated? Well, obviously we were. In fact, not even as an airline but as a person living in Hong Kong. Not being able to move into Mainland China was frustrating. But this was beyond our control. What it meant for us was that instead of starting into China we started to destinations outside Mainland China. It was not that bad. Obviously, we had the flexibility to deploy the very limited resources we then had. At least we found other ways to deploy the resources.”

GBA’s first scheduled flight was Hong Kong -Bangkok in July last year, followed by Taipei, Seoul Incheon and Tokyo Narita. “We launched Bangkok a bit earlier because we really had to start our commercial operation, even just to test how the different departments of the company were working together,” Hui said.

“At the start, there was not very much traffic to be honest. But we had to do it in July otherwise we would remain as a paper airline forever. You had to get going. It really helped us gel together.”

Load factors “were actually terrible in the very beginning” because of the pandemic. “For aviation it was a total disaster we have never seen. Of course, the reverse is that once the pandemic is behind us, there is the urge to travel again, whether for leisure, for much delayed business plans, or, for instance, much delayed VFR (visiting friends and relatives,” he said. “Demand is coming back and it is getting stronger. Slowly, it is becoming a lot stronger.”

At press time, load factors on the Thailand route were around 80%. “For Taiwan, with certain restrictions still in place on travellers from Hong Kong, Macau and Mainland China, there is some way to go,” he said. “On the other hand, Tokyo has been a success from day one.

“You have to factor in seasonality. We were running full flights around the Chinese New Year Holidays, although now there is a bit of a slowdown. But when we look at some of the forecast demand for the coming peak holiday seasons, the Sakura bloom (Cherry Blossom) or the Easter holidays you see strong demand coming back. I would say overall it’s a start. We have a lot to do to improve but so far, I would say, so good.”

Traditionally, for start-up airlines, being in the black takes time because of the need to achieve size as well as heavy start-up costs. “We are confident about our future,” Hui said.

“This year, we are not far off [profit]. We are going into the most popular destinations where we are making sure we have at least a daily service. Then we will do more: double daily, three times daily. We are looking at the most popular destinations. This allows us to make, or at least a balance, profit much earlier than in many other scenarios.

“I am looking, hopefully, if we can get three more aircraft, to be able to do that this year. If not at least next year.”

In 2023, GBA plans to have three more leased aircraft in its fleet, allowing it to finally add China to its network with flights to Shanghai and Beijing. However, there is a rider. Leasing planes is not as easy as it was.

“So far, we have secured one (leased aircraft),” Hui said. “For the other two, it is a little difficult, particularly when the market seems to be gradually recovering. There is a little more competition for leased aircraft,” he said.

“There are still failures somewhere around the world, but those aircraft will not become available so quickly. It has been challenging to source all three that we need. It also is challenging in terms of timing. You have to go through a rather long process of registration and re-registration and whatever modifications you need to do to the aircraft.

“So it takes quite a bit of time to introduce these aircraft into our fleet and for them to become operational. Never mind, that’s the process that you have to go through. I am still hoping we can find a way out of that.

“At the end of the day, three, if not a minimum of two more units for this year will be with us. This will equip us to start services to Beijing and Shanghai and hopefully one or two other destinations in Mainland China.”

Nevertheless, Hui knows, taking a longer term view that GBA had to work on a more secure source of aircraft. “More secure meaning we can actually nail it down now as to when we are going to get the aircraft and under what conditions. When you look at your future you can’t rely on a second hand or third hand fleet forever,” he said.

“We have been working with different lessors and different OEMs (Original Equipment Manufacturer). In fact we have come to an agreement for 15 more new aircraft from the second half of next year for delivery in the coming four years, until 2027.” That agreement is with Boeing and lessors. The deal is essentially involves a sale and lease-back arrangement for the new aircraft.

“As a small airline we don’t come in with billions of dollars. For small airlines it is becoming a very regular and common practice to draw up an agreement with an OEM and then review the financing with lessors to enable you to complete the necessary financing for aircraft and delivery as you have agreed with the OEM,” Hui explained.

Other issues include insufficient staff. Staffing is never sufficient, Hui said. “You are really looking at expanding and developing. But for now, yes. It’s with three aircraft. We are preparing for the fourth, then hopefully the arrival of the fifth and sixth. Overall, the labour market is tight,” he said.

“It depends on the skills you need. Pilots are forever in demand by airlines around the world, so we are competing in that international pool. It is more difficult than two years back.”

For pilot simulator training GBA is using the Boeing training centre in Singapore. “Now, with our boundary opened with Mainland China we are exploring the possibility of using facilities across the border, either in Shenzhen or Zhuhai.

“You know China Southern or Donghai of course, have excellent Sim training facilities. For sure, this would be more convenient than Singapore. And then you have to go through the accreditation program with our civil regulatory authority, the approval process really,” he said.

Cargo, critical for revenue through the pandemic, remains an important part of the business, Hui said.

“The basic premise of any passenger operation must include cargo. Cargo is a very important part of the revenue supporting an airline. Whether or not you have an all-cargo aircraft operation,” he said.

“It continues to be a critical part of our revenue. It comes back to where we are. We are operating international services in the region and into different points in Mainland China eventually.

“There is lots of trade between countries in this part of the world. Cargo demand is still great, even for passenger airlines I would say.”

Interlining with other carriers is planned to be important to GBA’s growth, particularly carrying traffic through Hong Kong on route to and from China. “This is the usual work of any airline. You want to carry your own passengers, but at the same time have schedules that allow you to carry any connecting traffic from any airline that sees you as a good partner.” he said.

“Those are open to anyone who sees Greater Bay Airlines as a useful partner in the market environment. At the same time, we will be looking at other interline partners to work out something mutually beneficial. There is no question about that. All airlines do exactly the same thing.”

Hui is not ruling out the potential for GBA operating wide-bodies, either regionally or even long-haul. “In the long-term you never say no. If you ask me, after a couple of years it is very logical to be looking at some sort of long-haul or wide-body operation.

“For example, wide-body could mean upgrading some of the single aisle services within the region to bigger aircraft to match demand and to make better economic sense. So, never say never. In fact, there is a good chance that this should happen and will happen after a couple of years.”

For long haul, while there is clearly an opportunity to tap into traffic from the U.S. West Coast, Hui said he certainly will be looking at Australia first.

As for Hong Kong’s status as a major Asian aviation hub, frequently questioned during the pandemic because of its lengthy period of entry restrictions, Hui is confident it will retain its position.

“It was terrible. In the past three years there is no question nothing really effectively came through Hong Kong. It all comes back to COVID but now COVID is gone. Hong Kong is back on the international scene,” he said.

“People come and go for certain reasons. We do see Hong Kong, under one country, two systems, as a very international city.

“We still have a lot of attractions. Lots of reasons why people should come back. For example, we remain a financial centre where our stock market has been extremely busy. Now we have lots of companies in Mainland China, as I understand it, queuing up for IPOs in Hong Kong.

“That’s good news for us as a financial centre. We will continue to be a very important stepping stone, or as a stopover, for traders from around the world. If you are going to the Greater Bay area to the factories Hong Kong will continue to be a very convenient entry point for these traders.”

He also pointed out to Orient Aviation the movement of Chinese immigrants living in Australia, New Zealand, the U.S. and elsewhere who visit relatives in Hong Kong and Mainland China. It always has been a big part of the business.

“Hong Kong practically has not changed,” he said “Taking the long-term view, we have no doubt the status of Hong Kong, whether its Hong Kong International airport or Hong Kong Inc. as a whole, will be as good as it has ever been. In fact, it should be better.

“It’s back to what (China’s) President Xi said when he visited Hong Kong on July 1. He very clearly said Hong Kong is a very international city that no other city in Mainland China will match.

As for the challenges GBA faces, Hui said the main one is attracting the right people to support the development of GBA.

“Not only that, but the ecosystem in general. I wanted to do double daily into Tokyo or even Osaka. We were prevented from doing so because the other airport does not have sufficient manpower to handle additional flights. “It is not just a problem of our own, for a start-up. It’s more of an ecosystem issue.”

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December 2nd 2023 12:46pm


I strongly JERRYLINK CREDIT GROUP: I think they are the best in terms of credit repair. I had worked with different credit companies in the past, but there was no significant change on my credit report. So many credit forums recommended DYI, I tried every credit hack in the book all o no avail. A real estate agent introduced me to Mr. Jerry, who has been helping his clients. Mr. Jerry and his team helped me erase all the negative things on my report, and raised my score to excellent score across all three bureaus. I’m recommending as promised. They are available on gmail: JERRYLINKGROUP AT GMAIL DOT COM or +16265140620

Joffrey Martinez says:

November 27th 2023 08:19am


JerryLink Credit Group has made a huge impact in my life. When I was in college, I unfortunately had to rely on my credit cards to help me with my expenses. By the time I finished college, I was unable to pay back a lot of those debts. As a result of that I ended up with a very low credit score and quite a few collections, so I sought out JerryLink Credit Group. They were able to make a huge impact on my credit score. It went from the 500’s to the 700’s in a couple weeks. I couldn’t believe it. With that help, I was able to do so much more, lower the interest rate on financing my car, and to get approved for a great travel credit card which has really helped us while planning our wedding now. It’s been absolutely wonderful and I’m appreciative because I didn’t believe this process. Recommending as promised, you can reach out to them via: JERRYLINKGROUP@GMAIL.COM or text 626 514 0620.

Bills Sarah says:

November 21st 2023 09:52am


I applied for a business loan and surgery loan for my daughter’s health early February, condition I was told I would be considered and contacted but never got to hear from any of the lenders. A credit repair agent said I would have to be on a 700+ score to be considered but never told how to get my score up to that in no long time. I had a 539 Score. I bumped into a credit review forum where PENTIUM TECHS was mentioned by many people who claimed he fixed their credit. I contacted the hacker out of curiosity and desperation on his email pentiumtechs@qualityservice.com we got talking and he gave me a week to delete collections and 2 charge offs. He also got my credit up to 765. I got the surgery loan and was contacted as regards the business loans I applied for. All thanks to PENTIUM TECHS

Shovel says:

November 20th 2023 06:00pm


Some couple months ago I was reading an article about this great Hacker, He is the best for credit score increase and credit report fix of any type. I will advise you all to get in touch with him for help, He helped me increase my credit card limit and also boost up my credit score to an excellent plus. His services are fast, secured and reliable without stress: PENTIUMTECHS@QUALITYSERVICE.COM

Bobs Ernest says:

November 18th 2023 05:01pm


My family and I ended up homeless 2 years ago after I lost my job. I am a disabled combat veteran trying to buy a home. My family and I wanted to purchase a home but my poor credit score ruined every effort made to actualize that goal and it was a nightmare. I decided to look for help online and luckily for me, I ran into PENTIUM TECHS (PENTIUMTECHS@QUALITYSERVICE.COM), they were highly recommended for a quick and permanent credit repair so I hired them immediately. After 6 days, they raised my score to a whooping 791 and deleted all the negative items affecting my report. Thereafter, we got the house and we had a happily ever after kind of family story.

Leo Antonio says:

October 7th 2023 04:12am


Truly Genuine Hackers exist, I will introduce REVOX CREDIT to everyone out there for you to get your credit report fixed, his very kind. He helped me raise my FICO score back to normal and let me have hope in life once again. He also helped me remove all the negative items, collections and late payments in 7days. His fast and reliable in terms of fixing credit related issues. Contact Him via Email: REVOXCREDITSPECIALIST@GMAIL.COM

Lattimore says:

September 29th 2023 09:26am


Hello, I’m Leah, TBH having digital currency can be a confusing endeavour for some of us, but with the help of Pentiumtechs@qualityservice.com wallet hacks, they guide me through the process every step of the way. I took advantage of the exciting technology opportunity and got back all my crypto asset from scammers. Send them a message today to know more.

Maria Clarks says:

September 22nd 2023 11:30pm


FAST CREDIT REPAIR SERVICE I started the year with a bad credit score, lingering debts and derogatory record which affected my ability to finance a new home, including a new car. I tried a few credit restoration firms but all were abortive until I saw a post about HACK VANISH CREDIT SPECIALIST. I reached out to them and surprisingly they helped cleaned-up my derogatory and raised my FICO score to 782 across all three bureaus, within a short period of time I got qualified for a new home, and also purchased my dream car. Anyone with related issues can reach out to them for assistance via [Hackvanish @ Gmail. Com] or Phone: (2 0 9 ) 3 3 0 - 3 0 4 7.

Mateo Diego says:

August 30th 2023 05:23pm


I am age 46years, I was skeptical about fixing my credit with REVOX CREDIT SPECIALIST. A colleague told me to try working with them which I contacted them through their email REVOXCREDITSPECIALIST@GMAIL.COM . to my greatest surprise my credit was back to normal in all 3 bureaus, clearing a debt of $34000 in just 9days. I strongly recommend them to all who need credit solution

Alessandra Watson says:

August 22nd 2023 05:32pm


TROVIAN CREDIT REPAIR did a fantastic job in helping me get a home of my choice. I had bankruptcy two years ago. Everyone I spoke to said there was nothing they could do. So I contacted Trovian and listed all the negatives impacts affecting my credit report and how he could help me out. His responses were encouraging and he went ahead with the process, he removed the bankruptcy of 2yrs from my credit and every other thing that has been depriving me from getting a home and my score was high I got qualified for a FHA loan. He also walked me through the complete process and helped me get a $240,000 loan from my bank which I used to set up a new business for myself. I cannot say how grateful I am for his help and willingness to tell everyone out there about him. You can reach him with his direct details. TROVIANCREDITREPAIR@GMAIL.COM or text (424) 3074562. Thanks and may God bless you all.

Diana McGregor says:

April 17th 2023 11:05am


What can I say; I’m really impressed with their service. After using ovation for a while without any impact, I decided to give JERRYLINK CREDIT GROUP a try. I’m blown away with their service! I can’t believe they deleted all my collections and raised my credit score. I’m at 780 credit score and I applied for a credit card which was approved with a credit line of $5k and our dream of owning a house will come true soon. Before this, I’ve never had a credit card limit higher than $300.I strongly recommend their services. You can reach out to them via JERRYLINKGROUP@GMAIL.COM

Leonard Gilbert says:

March 19th 2023 01:49am


Bouncing Back From Bankruptcy!!! Bouncing back from bankruptcy can be a bit dicey! I filed chapter 7 a year ago, my assets were liquidated and used to settle most of my debts, while most of the remaining debts were discharged. I found out to my dismay that my credit score had dropped drastically. I tried almost every card company but didn’t get approved, some interest rate were so outrageous that I had to decline. I was practically living from hand to mouth. A neighbor of mine recommended METRONET CREDIT SOLUTION a credit specialist who had helped him in the past. I contacted them and they helped me remove all the negatives from my credit report (including bankruptcy)! And raised my credit score to 700s across all three bureaus and also gave me guidelines to maintain my credit score. I’m so happy and grateful to them for this great help. I’m recommending their services as promised to anyone in need of credit related assistance. You can reach them via METRONETCREDITSOLUTION@GMAIL.COM or Whatsapp: +16265140620.

Leonard Gilbert says:

March 19th 2023 01:49am


Bouncing Back From Bankruptcy!!! Bouncing back from bankruptcy can be a bit dicey! I filed chapter 7 a year ago, my assets were liquidated and used to settle most of my debts, while most of the remaining debts were discharged. I found out to my dismay that my credit score had dropped drastically. I tried almost every card company but didn’t get approved, some interest rate were so outrageous that I had to decline. I was practically living from hand to mouth. A neighbor of mine recommended METRONET CREDIT SOLUTION a credit specialist who had helped him in the past. I contacted them and they helped me remove all the negatives from my credit report (including bankruptcy)! And raised my credit score to 700s across all three bureaus and also gave me guidelines to maintain my credit score. I’m so happy and grateful to them for this great help. I’m recommending their services as promised to anyone in need of credit related assistance. You can reach them via METRONETCREDITSOLUTION@GMAIL.COM or Whatsapp: +16265140620.

Leonard Gilbert says:

March 19th 2023 01:34am


Bouncing Back From Bankruptcy!!! Bouncing back from bankruptcy can be a bit dicey! I filed chapter 7 a year ago, my assets were liquidated and used to settle most of my debts, while most of the remaining debts were discharged. I found out to my dismay that my credit score had dropped drastically. I tried almost every card company but didn’t get approved, some interest rate were so outrageous that I had to decline. I was practically living from hand to mouth. A neighbor of mine recommended METRONET CREDIT SOLUTION a credit specialist who had helped him in the past. I contacted them and they helped me remove all the negatives from my credit report (including bankruptcy)! And raised my credit score to 700s across all three bureaus and also gave me guidelines to maintain my credit score. I’m so happy and grateful to them for this great help. I’m recommending their services as promised to anyone in need of credit related assistance. You can reach them via METRONETCREDITSOLUTION@GMAIL.COM or Whatsapp: +16265140620.

Jonathan Harold says:

March 16th 2023 12:55am


A key aspect of your financial life is your credit score. Higher credit scores increase your chances of being approved for loans and credit cards with the best terms, which will save you a lot of money and hassle. You're not alone if your credit score isn't where you want it to be. Of course, there are actions you can do to raise your credit score, such as making on-time payments on your bills and clearing previous debts. But due to the current economic conditions throughout the world, raising your credit score by making on-time payments on your bills and paying off existing debts may take an eternity. If you're determined to put an end to the horror (bad credit score), then I strongly recommend Metronet Credit Solution. They’re reliable, fast and secured, they helped me raise my credit score to excellent from the initial poor score. They’re available on Whats-app: +16265140620 and Email: metronetcreditsolution@gmail.com

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