Hong Kong aviation investor optimistic on global airline industry

The global airline sector may look gloomy with carriers hit hard by the coronavirus pandemic, but a Hong Kong aviation investor sees light at the end of the tunnel with investment opportunities in the industry. Victor Chu, the founder and chairman of First Eastern Investment Group, is well-known for his early investments in China, which trace back to 1988. More recently, Chu, who sits on the board of European jet manufacturer Airbus, co-founded Japanese budget airline Peach Aviation, which launched in 2011 as a joint venture with ANA Holdings and the Innovation Network Corp. of Japan, a government-backed investment fund. When asked whether he is optimistic on the outlook for the industry, he replied: "If you're able to survive, the answer is yes... Luckily for Peach, ANA and JAL in Japan, we will survive because we have domestic business, so we are cushioned to some extent." Story has more.<br/>