Rebirth of the Tech Madman

"Don't mention it, Dragonair hasn't opened yet, it has been suppressed by the British to be in jeopardy... шщш.㈦㈨ⅹS.сом is updated so fast. Fortunately, I am only one of many shareholders. It’s not as laborious as Cao Guangbiao." Boss Huo shook his head and smiled bitterly, and said with emotion: "Ashamed to speak, we old men have been fighting with the British for decades, struggling in their cracks until now; looking at you, nothing I took the Yihe, the No. 1 British-owned foreign company, into my stomach, and digested it in an orderly manner. It's really incomparable."

Tang Huan waved his hand, "Actually, it's not a big deal, it's nothing more than racing diamonds when it should be hard, and when it should be soft, it can be compared to the'spring' breeze."

"You are modest, but how can you implement this strategy." Boss Huo asked with interest: "For example, how to solve the current situation of Dragonair?"

It can be said that Dragonair's troubles caused by the current Hong Kong government are a representative ‘sexual’ manifestation of the competition between Chinese and British capital in the new situation.

In business, the driving force for the founding of Dragonair came from the provisions of Article 9 of the Annex of the "Sino-British_Joint Declaration": "The Hong Kong Special Administrative Region will maintain Hong Kong's status as an international and regional aviation center. It is registered in Hong Kong and registered as an international and regional aviation center. Airlines and civil aviation-related industries with Hong Kong as the main source of business can continue to operate. The Hong Kong Special Administrative Region will continue to follow the private aviation management system originally implemented in Hong Kong."

According to this provision, once the Hong Kong Special Administrative Region is established, the localization of airlines will be extremely important.

In other words, Cathay Pacific Airways, which currently monopolizes the aviation industry in Hong Kong, may lose its long-term dominance in the future. As long as there is a competitor belonging to Hong Kong who dares to jump out and challenge, there is a great chance that it will be replaced.

You know, Cathay Pacific Airways is not a listed public company, and it has only two major shareholders, one is Swire Group, one of the four established British firms with 70% shares, and the other has 70% shares. HSBC at thirty.

With its monopoly on Hong Kong Airlines, Cathay Pacific has brought considerable profits to Swire Group and HSBC.

Take the performance in 1984, which is the last year, for example. Cathay Pacific carried 3.6 million passengers and 458 million ton-kilometers of cargo, and its revenue was as high as HK$6.82 billion.

How about this colony of Xiangjiang is the money bag of the British, and it has made hundreds of years of income, but now it is going to go off the road, and it is extremely owed!

It is especially ironic that Cathay Pacific, which is not publicly listed, can neither represent Hong Kong nor pay special monopoly taxes to the Hong Kong government. However, it enjoys the full support of the Hong Kong government and has become the airline that actually represents Hong Kong at this stage.

This care has recently been reflected in the fact that as soon as Dragonair, a potential competitor, has emerged, it has been deliberately suppressed by the Hong Kong government.

First of all, the founding and funding background of Dragonair has left Cathay Pacific and the Hong Kong government behind. It was originally a wholly-owned subsidiary of Hong Kong Macau International Investment Co., Ltd.

And this parent company was established in March 1985. The shareholders include Cao Guangbiao, Bao Yugang, Li Jia_cheng, Huo Ying_dong, An Zijie, Feng Bingfen, Ma Wanqi and other 31 famous Hong Kong and Macao businessmen, as well as China_Bank, China _Run Company, China Merchants and other Chinese-funded institutions.

Among them, Bank of China holds 22% of the shares, and China Resources and China Merchants holds 30% of the shares. Obviously, it has a strong color of Chinese capital.

Shortly after the establishment of Hong Kong and Macau International Investment Co., Ltd., in late May 1985, he founded the Hong Kong Dragon Airlines Co., Ltd. with a registered capital of 100 million Hong Kong dollars, and quickly formed a crew of crew members and leased a'Bo' Yin 737. Apply for a business certificate from the Hong Kong Government’s Hong Kong Air Transport Licensing Bureau, and open regular charter flights to eight mainland cities including Hong Kong-Beijing, Hong Kong-Shanghai; at the same time, it also started with the Civil Aviation Administration of China Negotiated on charter services.

Cathay Pacific’s ‘milk’ cheese was directly affected. After Gein began to implement the reform and opening-up policy in China, air transportation between Hong Kong and the mainland became more frequent. Especially for the two major routes from Hong Kong to Beijing, Hong Kong and Shanghai, the transportation resources are quite tight, the ticket prices are extremely high, and it is often difficult to find a single ticket.

Ever since, Cathay Pacific, or more accurately speaking, the Swire group behind it, let the Hong Kong government stumbling while going into battle on its own, rolling up sleeves and Dragonair blushing and arguing roughly. Woke up.

On July 9th, more than a month after the establishment of Dragonair, the Civil Aviation Department of the Hong Kong Government suddenly issued new regulations, stipulating that “all airlines based in Hong Kong must obtain the Civil Aviation Department in advance before negotiating air services with foreign civil aviation agencies. Permission". And it took effect on July 26. Prior to this, the representative of Dragon Airlines had negotiated with the Chinese civil aviation company on charter flights.

On the day when this new regulation came into effect, the Hong Kong Civil Aviation Department issued a strongly worded letter to Dragonair, warning it must obey the new regulations and not contact Chinese civil aviation without authorization, otherwise it will not be approved by the Hong Kong Civil Aviation Department to operate charter flights.

In addition, the letter also requested Dragonair to abandon the charter service from Hong Kong to Beijing and Shanghai in exchange for the support of the Hong Kong Civil Aviation Department for Dragonair to operate other charter services in mainland China.

On August 17, the Civil Aviation Department of Hong Kong officially rejected Dragonair’s application to operate Hong Kong-Beijing, Hong Kong-Shanghai routes on the grounds that “Cathay Pacific already has an operating license for designated routes.”

Of course, Dragonair could not accept this seemingly unbiased decision, but in fact it pitted you without discussing it. Therefore, at a subsequent press conference, it issued a statement accusing the Hong Kong government of favoring Cathay Pacific for its obvious favor and sent a letter to the Governor to protest.

At the same time, Cathay Pacific also issued a statement refuting the accusations made by Dragonair, and the site of the demonstration was an airline designated by the Hong Kong government.

Subsequently, the Hong Kong Civil Aviation Department made a new move with Dragonair's aircraft model problem, and withdrew its application for eight regular flights between Hong Kong and the mainland in July.

As a response, the Civil Aviation Administration of China also notified Cathay Pacific Airways to cancel the application for the two new Hong Kong-Beijing flights.

At this moment, Cathay Pacific immediately wilted, and since then it has never jumped out to make any comments related to this publicly.

Obviously, everyone's fighting method has reached its current level, and the anger has grown stronger and stronger, and the political implications of the entire incident have begun to deepen.

However, the current Hong Kong is still in the opinion of the British. Dragonair’s arms cannot twist the big'legs’ and must meet the other party’s regulations, that is, "provide proof that most of the shares are owned and controlled by British nationals in order to obtain Chinese and English Qualifications for designated airlines representing the British side under the aviation agreement."

For this reason, Dragonair had to carry out the first large-scale capital reorganization since its establishment: the company's capital was increased from 100 million Hong Kong dollars to 200 million Hong Kong dollars, and the capital was injected by Bao Yugang and Cao Qiyong, the son of Cao Guangbiao, who have obtained British nationality. The former acquired 30.2% of Dragonair’s shares and became the largest shareholder and served as the company’s chairman; Cao Qiyong held 24.7% of Dragonair’s shares and became the second largest shareholder; and the original parent company-Hong Kong Macau International The shares held by investment limited companies are reduced to 24.99%, and the remaining 20.11% of the shares are held by other minority shareholders.

In order to further enhance its strength and prestige, Dragonair even invited the current Chief Unofficial Member of the Executive Council Zhong Shiyuan to the board of directors.

After this shareholding reorganization, Dragonair has transformed into a "Hong Kong-based" airline held and controlled by most British nationals, and finally obtained the same qualification as Cathay Pacific to operate scheduled flights.

However, the development of Dragonair has not been smooth because of this. The constraints of the Hong Kong government are still waiting for it.

In November 1985, just last month, Peng Lizhi, who was the chairman of the board of directors of Cathay Pacific’s parent company Swire Group and now the Financial Secretary of the Hong Kong Government, announced a new aviation policy, stipulating that “one route can only be operated by one airline. If an airline is operated, the airline that is first licensed to operate will be eligible for exclusive operation."

This kind of special care is nothing short of concealed, because high-margin and high-volume routes, such as Hong Kong-Beijing, Hong Kong-Shanghai, Hong Kong-London, etc., have already been occupied first. The advantageous Cathay Pacific Airways operates; and the remaining routes are basically low-profit and small passenger volume. The wide-body passenger aircraft owned by Cathay Pacific Airways is inefficient.

This month, and also the last month of 1985, the Hong Kong Air Transport Licensing Bureau is publicly hearing Dragonair’s question on Hong Kong’s travel between West_An, Xiamen_'men', Hangzhou_Zhou, Hai_Kou, Zhan_Jiang, South_Beijing , Gui_Lin, Guangzhou_Zhou and other routes.

It is completely predictable that the Hong Kong government will definitely pretend to approve these unpopular domestic routes. As for international routes like Hong Kong-London, they will be noisy and will most likely continue to be stuck. .

In fact, Bao Yugang and Cao Guangbiao, the major shareholders of Dragonair, have repeatedly publicly criticized the Hong Kong government for its unjust actions that spare no effort to protect the interests of Cathay Pacific. However, if you are harassing you, the Hong Kong government is still the same as me and insists on maintaining the existing aviation policy unchanged.

In short, the plight of Dragonair cannot be improved by bickering. After all, there is too much interest involved, and the Swire Group has too many reasons to desperately.

The reason why Tang Huan is so clear about the open and secret struggles of Xiangjiang's civil aviation industry at this stage is also because the benefits are too great, and he can't help being tempted.

The "private" process of monopolistic enterprises in the UK is in full swing, and the profiteering industry in Hong Kong, which is dominated by traditional British capital, should also relax.

In Tang Huan’s view, Dragonair, a new-born challenger who is not afraid of tigers, had a great time to jump out. It happened to have a very effective spoiler effect, and Cathay Pacific, who felt the tremendous pressure, had to take the initiative. Changes, such as abandoning the joint ownership of Swire Group and HSBC, and becoming a public company in order to have the minimum qualifications to represent Hong Kong, so as not to get stuck by this issue when it is too late.

The so-called public company means that there is a clear lower limit on the number of shareholders and circulating shares, so that it can be called "public" and representative. Swire Group and HSBC cannot continue to sing duo, and must leave room for others to participate. .

As for whether Dragonair can develop and grow after fulfilling its historical mission as a spoiler, Tang Huan does not need to worry about it, as long as it can now charge forward and continuously create pressure on Cathay Pacific.

After spying on the determination and courage of Dragonair’s shareholders to continue fighting from Boss Huo, Tang Huan answered the other party’s questions with a deep "sing", "I don’t have any way to break the situation, but I think, Dragonair Airlines can’t blindly spend their “strength” with the Hong Kong government and Cathay Pacific. After all, the other party’s intention to maintain a hot “door” route is very obvious. Instead of such a stalemate, Dragonair is better to think about it. How to strive for and develop the niche routes in Southeast Asia that Cathay Pacific has no time to take into consideration, such as Xiangjiang to Thailand, in order to generate profits as soon as possible. Even if it is meager, the key is the meaning and prospects it represents."

"I'm afraid it's difficult for everyone to look away from the hot'door' route. After all, Dragonair's background is not bad, and there is no need to fight hard from scratch." Boss Huo shook his head.

"Perhaps, from Xiangjiang to Funan, because of the demand for business contacts, it will be able to'stimulate' a relatively hot'door' route." Tang Huan explained with some uncertainty: "The business community on Baodao has recently been Funan has implemented a series of projects, and personnel exchanges will be intensive."

"I find that you know much about the Xiangjiang Civil Aviation Industry. It seems that you have done a preliminary investigation. Do you have any ideas?" Boss Huo, who had recollected it, said with a smile and tentatively.

"Knowing more information is just to be able to capture more business opportunities." Tang Huan made a noncommittal haha.

"Then you think ~www.wuxiaspot.com~ is a good business opportunity for OOCL at this time?" Boss Huo brought the topic back. He estimated that taking advantage of this interruption, Tang Huan had no final decision in his heart. Some preliminary ideas will also be formed.

"This is really hard to say, the shortfall of more than 20 billion Hong Kong dollars is really too dazzling." Tang Huan's attitude has obviously become conservative.

"Don't explain to me that you can't get the cash flow." Boss Huo joked: "Just to comfort some Hong Kong people who are in a nuclear panic, you are spending 100 million US dollars to buy nuclear protection materials. This shows that you Has strong financial resources."

"Okay, then I'll'hand over' the bottom line." Tang Huan nodded, "I still need to think about this. It's not that I don't trust the credibility of the documents brought by Huo Lao, but I also need to refer to Intelligence from other angles."

"If you think about it seriously, I should be happy." Boss Huo waved his hand understandingly, "Next year I plan to inject at least US$100 million in OOIL. You might as well refer to it."

"I'm afraid that even after this round of rescue, OOCL is able to tide over the difficulties, I am afraid the Dong family's controlling position will also be lost, will they accept it?" Tang Huan couldn't help but wonder.