Hong Kong's first regional jet operator, CR Airways, is planning a fleet expansion while preparing for an ownership revamp.

The carrier, which launched charter flights in July, has also applied to Hong Kong's Air Transport Licensing Authority for rights to operate scheduled passenger services to Laoag in the Philippines, as well as to the Chinese cities of Jinan, Naning, Meixian and Wenzhou.

Meanwhile, Hong Kong conglomerate China Rich Holdings will acquire a 40% stake from CR Airways owner Robert Yip for HK$180 million ($23 million).

Source: Flight International