New Cathay Rival Considering Possible $1.8 Billion Plane Order
- Greater Bay Airlines said to be in talks with Airbus, Boeing
- Carrier awaiting final nod for commercial passenger operations
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A new Hong Kong-based airline with ties to Beijing is considering ordering up to 30 narrow-body jets from either Boeing Co. or Airbus SE as it tries to establish itself in a market dominated by Cathay Pacific Airways Ltd.
Greater Bay Airlines, which is awaiting final approval to operate commercial passenger flights out of Hong Kong, is assessing whether to opt for Boeing’s 737 Max 10 model jets or Airbus’s A321neos, a person with direct knowledge of the plan said. Such an order could amount to as much as $1.77 billion, according to calculations by Bloomberg News and Avitas Inc. using current aircraft prices.