Hong Kong Airlines (HX, Hong Kong Int'l) will delay the deliveries of four A350-900s initially scheduled to deliver in 2018 to 2019, the South China Morning Post has reported. The airline will also postpone the launch of either one or both of its planned services to London and New York JFK to at least 2019.
The adjustment has to do with the carrier reacting to the changing market conditions and its first experiences from North American services, a source said. Hong Kong Airlines currently serves Los Angeles Int'l, San Francisco, CA, and Vancouver Int'l in North America.
The carrier will also terminate its only European service, to Moscow Vnukovo, on October 20, 2018.
According to the ch-aviation fleets module, Hong Kong Airlines currently operates five A350-900s with a further fifteen units on order from Airbus. Its widebody passenger fleet also includes eleven A330-200s and eleven A330-300s.
Hong Kong Airlines is also evaluating a possible IPO, which could provide cash to the carrier's debt-ridden parent HNA Group.
HNA Group is currently separately trying to sell CNY700 million yuan (USD102 million) worth of real estate holdings in Hong Kong, currently controlled by its local unit HNA International, Apple Daily has reported.