4-Mar-2016 9:14 PM
HK Express doesn't 'really think the JV model is working'
HK Express CEO Andrew Cowen, speaking at the CAPA Airline Fleet & Finance Summit 2016, said (04-Mar-2016) he doesn't "really think the JV model is working, quite frankly" for carriers such as AirAsia Group and Jetstar Group. Mr Cowen explained: "There's huge regulatory issues, theres huge profitability issues… Many of the JVs operated by our compatriots are loss making or barely making a return and we have be quite realistic ourselves and say if they haven't been able to get into strong profitability than why could we do better."