章節 978: Chapter 978: An awkward and powerless situation
'As required by work, I received the senior management of Island Airlines this morning. During our chat, the senior management of Island Airlines casually revealed some information, saying that their company has an aircraft that is six years old and is up for transfer. A company called Dongfeng Airlines is already negotiating to acquire it, and Dongfeng Airlines is an airline from Xiangjiang.'
'I pressed him for more details, and he was 100% sure that it was an airline from Hong Kong. I asked him who the owner was, but he hadn't noticed.'
'After I got the news, I asked another colleague to keep him company while I hurried here to report this to you,'
said Logistics Minister Lavish, quickly explaining the whole story in a concise manner.
Wade Shijiahuai's face was unsightly. He wasn't annoyed that Lavish had reported the news without confirming its accuracy, but instead took a deep breath to calm down.
Ravis looked at Weid Shiyahui with some expectation and some trepidation.
But Weid Shiyahui's thoughts were now entirely on the 'Dongfeng Airlines' that Ravis had mentioned.
He thought about it for a moment, then immediately took out a phone book and looked up the number of a friend's office at the Hong Kong Companies Registry. He dialed the number directly and asked him to find out as soon as possible whether Hong Kong had registered a company called 'Dongfeng Airlines'.
After all, there are only a handful of companies involved in the aviation market, so it didn't take long for the Hong Kong Companies Registry to find the information. It was indeed recently registered as a company called 'Dongfeng Airlines'. The company's legal representative is Bao Yugang, and there are three shareholders: Bao Yugang, Huo Yingdong, and Huanyu Holdings. The registered capital is 1 billion Hong Kong dollars!
Huanyu Holdings is a company registered offshore in the Cayman Islands and is wholly owned by Jiuding Industrial Group. It is one of the shell companies.
With this shell, because Universal Holdings is registered in the Cayman Islands, no one can find any information about it except for its name, so it can also reduce the sense of existence of the Jiuding Industrial Group.
Therefore, Wade Shi Yahuai has no idea who Universal Holdings is.
However, compared to the two pieces of information that the company's legal representative is Bao Yugang and the registered capital is one billion Hong Kong dollars, the background of Universal Holdings is secondary, and he has directly and temporarily ignored it.
When he heard the news, Wade Shiyahuai's emotions became very complex. He was shocked that Swire Pacific was in big trouble, but also angry at Bao Yugang for his deception. After the anger, he felt a sense of relief and survival.
Fortunately, Lavish happened to be hosting the senior management of Island Airlines and was lucky enough to talk about Dongfeng Airlines. And Lavish came to report to him in time, so he was able to investigate the situation immediately.
Thinking about this, Wade Shiyahui praised Lavis, 'Lavis, you did a good job this time, reporting in a timely manner and avoiding huge losses for the company!'
Although Wade Shiyahui did not promise any rewards, Lavis was still very excited, and his smile could barely be concealed.
He hurriedly said humbly, 'President, avoiding losses for the company is what I should do, but it is mainly because you have taught me well.'
Wade Schiawai was quite satisfied with Ravish's modesty.
However, he was still preoccupied at the moment, and had no time to engage in more conversation with Ravish. After encouraging him once again, he dismissed him and then called a subordinate to hold an emergency meeting to discuss and judge the topic of 'the impact of the emergence of Dongfeng Airlines'.
By noon, Wade Schiawai brought the results of the meeting and hurried to the family residence.
...
'Wade, what's happened?'
'Has something gone wrong with the negotiations with Bao Yugang?'
Norman Schiavi, who was waiting for lunch in the living room with the newspaper, asked his nephew with a concerned look as he saw him rush in.
After Wade Schiavi had sat down, he took a few deep breaths to calm down and started again.
'…That's what happened, Uncle.'
'When I gathered the Think Tank for a meeting on the way here, we concluded that Bao Yugang's acquisition of a stake in Hong Kong Airport Ground Services was not for Hong Kong Air Cargo Terminals at all, but for the Dongfeng Airlines he just incorporated!'
Wade Shiyahui said the last sentence in a determined tone, obviously not only was this the opinion of the think tank's analysis, but also his own.
Not only him, even Norman Shiyahui also agreed with Wade Shiyahui's analysis after listening to him.
Anyone in the aviation industry with a brain in their head knows that an airport ground services company can only be most effective if it works together with the airlines.
Bao Yugang is just trying to fool us!
Seeing that Norman Schiawai was silent, Wade Schiawai hesitated for a moment, but then said, 'Uncle, I don't think we should sell our shares in HKIA Ground Services to Bao Yugang.
'The value of Hong Kong Airport Ground Services is very different from that of Hong Kong Air Cargo Terminals, and we won't get much of the latter's equity in return.'
'With a large stake in Hong Kong Airport Ground Services, Bao Yugang will definitely be able to influence the company's operations. When Dongfeng Airlines officially starts operations, it will do the same as we do in terms of airport ground services. The results we have built over the years will be directly stolen by him and used to compete with our Cathay Pacific Airways!'
Norman Shi Yawai frowned for a long time, then looked at Wade Shi Yawai and asked, 'Dongfeng Airlines has a registered capital of 1 billion Hong Kong dollars, and Bao Yugang and the others secretly set it up without making a big deal about it. This shows the determination and attitude of Bao Yugang and the others. Do you think he will give up entering this market because he cannot acquire enough shares of Hong Kong Airport Ground Services?'
Wade Shiyahuai's face stiffened, and after thinking about it, he looked unwilling and shook his head and said, 'No. If I were him and I couldn't acquire enough shares, then I would just set up an airport ground service company myself.'
Norman Shiyahuai sighed slightly and added, 'Yes, and he owns Xiangjiang Air Cargo Terminal Company, which already has a very strong foundation. Compared to other people, he has a huge advantage. Just this company of his is enough to support his ground service company to build and hone.'
Wade Shijiawei remained silent.
Norman Shijiawei thought for a moment and said again, 'Wade, think about it. Does Dongfeng Airlines really have no room for development?'
Wade Shijiawei's face became even more unpleasant, but he had to admit the truth: 'Uncle, Cathay Pacific only has 21 aircraft, and two of them are cargo planes. There are only 19 passenger planes, which are limited in number. It only opens routes to the major cities and capitals of neighboring countries. There are still many major cities in many countries that are not connected by air routes, and there is a big business gap.'
'Although Dongfeng Airlines has not yet obtained an air transport licence, I am worried that given the current influence of the Chinese, the Hong Kong government may well grant another licence.'
'And the Hong Kong government's policy of 'one route, one airline' does not limit the target either. We only have the exclusive rights to the routes we have already opened.'
'As long as we don't have the strength to get involved in the business, if Bao Yugang's Dongfeng Airlines opens up new routes, even if we do our best to stop it, there is no reason for the Air Transport Licensing Authority to reject Dongfeng Airlines' application.'
'Unless... we occupy all these routes in advance...'
At the end of his sentence, Wade Schiaway's voice became a little quieter, and it was obvious that he himself didn't feel confident saying this.
You can only eat as much as you can stomach.
He also knew that Cathay Pacific currently only had 19 passenger aircraft, and there were dozens of countries in Southeast Asia, the Middle East, and East Asia alone. Cathay Pacific also had to fly further to London, San Francisco, Australia, and other places.
So in reality, Cathay Pacific did not yet have air routes to many Asian countries.
The only solution was to purchase a large number of aircraft and open up new routes.
But a Boeing 747 cost 35 million US dollars, which was equivalent to more than 160 million Hong Kong dollars.
Even if Cathay Pacific doesn't buy Boeing 747s, and buys smaller, inferior aircraft, they'll still cost hundreds of millions of Hong Kong dollars each.
With Cathay Pacific's current strength, this is simply not realistic.
Even with the support of the Swire Group, they'd be lucky to buy five at most.
But with five more aircraft, they'll only be able to open five more routes, which still won't be able to fill all the gaps in the route network.
And now, in order to speed up efficiency, Dongfeng Airlines is already directly acquiring old aircraft, so even if Cathay Pacific wants to act, it's too late.
After all, although there are many old planes in the world, it is not cost-effective to modify them as it takes a long time and involves a lot of risks.
Building new planes is too slow. For example, when the aviation market was booming seven or eight years ago, Boeing's manufacturing orders were placed six or seven years in advance. Even now that it is not busy, it still takes several months to build a plane.
If Dongfeng Airlines has already placed an order, and Cathay Pacific places an order as well, it can only honestly wait in line behind Dongfeng Airlines.
It is possible that by the time all the planes are built, Dongfeng Airlines will have already established itself.
And the other supporting industries in the aviation market will be unable to stop Dongfeng Airlines.
For example, there is only one company in Hong Kong that can inspect aircraft and repair engines, but there are many companies on the island. Dongfeng Airlines can simply take turns flying their planes to the island for maintenance.
Needless to say, the aviation security business. Hong Kong's famous Aegis Security is owned by Xia Yu, so Bao Yugang can simply go to him.
The same goes for airline catering services. It can be easily solved by finding a five-star hotel to cooperate with.
...
All in all.
For Wade Shi Yuhuai and Norman Shi Yuhuai, this is undoubtedly an extremely embarrassing and tricky situation.
They know full well that Dongfeng Airlines is a threat, but there is nothing they can do to stop it. They can only watch as Dongfeng Airlines competes for market share...
It's so hard!
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