Hong Kong Airlines IPO Part 3: Improved links with group airlines and new partnerships essential

This is Part 3 of CAPA's analysis of Hong Kong Airlines' proposed IPO. Part 1 reviewed the airline's operational and financial performance and its competitiveness in the local market.

Part 2 looked at the impact of capacity constraints at Hong Kong's Chek Lap Kok Airport and the proposed long-haul routes that Hong Kong Airlines is considering.

This concluding Part examines Hong Kong Airlines' heritage and explores its options as a second full service airline in Hong Kong.

One avenue to be pursued must almost inevitably be establishing some firm partnerships, where its own organic growth may be constrained. Here Hong Kong Airlines offers potential partners a highly attractive entree to the Hong Kong SAR and, behind it, into the mainland.