China’s Joy Air may not see profits for 2 years
Joy Air may not be able to earn a profit in the next 2 years because of operational issues that include consolidation challenges with Okay Airways and expansion restrictions as a result of safety accidents, according to Okay Airways founder Liu Jieyin. Okay and Joy Air are merging through consolidating regional operations. Last year, Joy Air changed its main operating base to Tianjin in an effort to further consolidate regional operations with Tianjin-based Okay Airways. “We didn’t suspend some [regional] routes. But we are forbidden from opening new routes, boosting flight frequencies and operating charter flights [by the CAAC because of safety accidents] and thus we can’t expand. We are prepared to linger in the red for at least 2 years,” Liu said. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-01-26/unaligned/china2019s-joy-air-may-not-see-profits-for-2-years
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China’s Joy Air may not see profits for 2 years
Joy Air may not be able to earn a profit in the next 2 years because of operational issues that include consolidation challenges with Okay Airways and expansion restrictions as a result of safety accidents, according to Okay Airways founder Liu Jieyin. Okay and Joy Air are merging through consolidating regional operations. Last year, Joy Air changed its main operating base to Tianjin in an effort to further consolidate regional operations with Tianjin-based Okay Airways. “We didn’t suspend some [regional] routes. But we are forbidden from opening new routes, boosting flight frequencies and operating charter flights [by the CAAC because of safety accidents] and thus we can’t expand. We are prepared to linger in the red for at least 2 years,” Liu said. <br/>
