Hong Kong carrier CR Airways has a new
chairman, Chen Feng, who is
also the president and chairman of Hainan
Airlines Group, which has been in talks to buy a stake in CR Airways.
Chen Feng has been appointed non-executive chairman
replacing Robert Yip Kwong, who is now vice chairman and remains the airline’s
largest shareholder, says a CR Airways official in Hong Kong.
The official says: “Chen is world
renowned in the aviation industry and a powerful person” so having him closely
associated with CR Airways “will help the company’s image. That is why he was
CR Airways has signed a codeshare agreement with Hainan Airlines that involves CR
Airways services from the cities of Sanya
and Haikou, on southern China’s Hainan Island, to Hong Kong. But “the other stuff has not
materialised,” the official says in response to reports Hainan Airlines Group is considering buying a 60%
stake in CR Airways.
Industry sources in Hong Kong told ATI last week that Hainan
Airlines Group is in talks to buy an equity stake in CR Airways. But the CR
Airways official declines to comment on a possible buy-in. Hainan Airlines spokespeople were unavailable for