Chapter 1921 A Good Loss-Making Deal

The charter king didn’t like the aviation industry very much at first.

Since he has become the world's number one in the shipping industry, he doesn't have much affection for this natural enemy of the sea, land and air.

Even though the Bao family's fleet has been dispersed a lot now, accounting for less than 30% of the group's business, he still dares not take risks in the aviation industry.

In his previous life, he joined Dragonair purely because of the persuasion of his long-time friend Mr. Cao.

In addition, there was only one Cathay Pacific Airways in Xiangjiang at this time, and it was an industry of the Swire Group. The chartering king thought it would be good to have a Chinese-owned shipping company, so he agreed to take a stake.

After he got used to the existence of Dragonair and watched Dragonair continue to grow and develop, he fell in love with this industry.

In the end, if the Hong Kong government hadn't tried its best to help Cathay Pacific and suppress Dragonair, maybe the charter king could still hold this stock and develop another big airline.

But there are no ifs.

In the environment of the previous life, Dragonair would definitely not be able to beat Cathay Pacific.

The Charter King did not have Yin Jun's clear-cut attitude to devote all his efforts to the mainland, so he did not have Yin Jun's unwavering determination.

When faced with such a dilemma, he naturally understood it, so he secretly backed down to avoid suppressing his core industry.

After he gave in such a step, the Swire Group remembered his benefits and gave him a lot of help in real estate and other businesses in the future, which is the so-called gain and loss.

Yin Jun is different.

After he joined Dragonair, his first request was to open round-trip flights from Xiangjiang to Huajing and Shanghai.

The most important thing is of course the "return" back and forth.

In the previous life, why did Dragonair only have one flight to and from Malaysia within three years of its establishment?

Isn't it because the Hong Kong government didn't issue them a landing permit?

If your flight doesn’t have landing permission, how can it develop?

Then after Dragonair developed, it finally failed, and it also failed here - they only had intra-regional flights, and those important city flights in New York, London, Tokyo and other places were not allowed at all.

What the hell is that? !

Therefore, it can only be annexed obediently.

Yin Jun knew this, so when Dragonair was established, he encouraged various shareholders to exert their influence.

The Hong Kong government is naturally very resistant to things like Dragonair. They don't like Chinese intervention in this area.

Even the top group of Chinese businessmen can't do it.

But Yin Jun had many ideas. He first incited public opinion, discussed various shortcomings of Cathay Pacific and various bad situations under monopoly conditions, and formed a public opinion offensive.

Then he spread some rumors, saying that the Hong Kong government might block the development of Dragonair. In fact, it was not the fault of the people above, but the specific people who dealt with it, who accepted money from Cathay Pacific.

In the past few days, Qilin has been preparing to invite hundreds of barristers from the United States and the United Kingdom to deal with this unfair treatment.

People all over Hong Kong should also stand up and oppose this kind of discrimination.

All right.

The speaker is heart-wrenching.

Yin Jun controls almost 80% of the mainstream media in Xiangjiang - the three major TV stations are either his own or allies. "Qilin Daily" is the absolutely dominant newspaper in Xiangjiang!

1984 was the most sensitive period. Everyone was afraid that the mainland would start fighting and burn Hong Kong to the ground. Therefore, many people who usually clamored stopped at this time and did not rise up to oppose.

Under such a one-sided public opinion situation, the Xiangjiang government hurriedly stated that there was absolutely no such thing and our approval process was the most professional.

But in fact, they were also very angry and felt that Yin Jun was threatening them.

The application for Dragonair was just stuck.

It's not an obvious rejection, but even when you're going through the process, it's normal for you to be taken slowly and delay it for three to five months.

Of course Yin Jun refused to do it this time. Queen Le Yiling was not a good-tempered person to begin with, so she directly criticized the Xiangjiang government departments for their low efficiency, extremely bureaucratic and arrogant rudeness.

She claimed that if this continues, the Kirin Group will suffer great losses, and the hundreds of thousands of workers under the Kirin Group will not receive proper arrangements and may gather to protest.

As soon as Le Yiling said this, Director Zhang of the Hong Kong office stood up and said that if the Xiangjiang government dared to use force to disrupt and block such reasonable demands, the mainland would never sit idly by.

With such a chorus, some hardline elements in the Hong Kong government immediately shut down.

Although the British are very arrogant and look down on the Chinese, the country at this time is in the beginning stage of rapid development. Mr. Xiao and Mr. Yun have never been afraid of trouble. Of course, they are afraid that if there is any conflict, they will fight in the mainland. They rushed in under the guise of protecting the people.

What to do then?

Therefore, after five days, all 10 routes applied by Dragonair passed the review.

Because of this incident, many people in the Hong Kong government hated Yin Jun and Le Yiling.

But they have no choice, because the Kirin Group has become a success.

They not only have deep-rooted strength in Xiangjiang, but also rely on the mainland, and also have strong influence in the United States - it is said that they sponsor some members of Congress every year, and the cost is as high as tens of millions of dollars.

A few times before, when the officials from Baodao were ricocheting over there, weren't they beaten down by a few American congressmen?

They are not much stronger than those in Baodao, and they cannot withstand the joint suppression of so many forces.

Yin Jun is also not afraid of them. Since the carriage and horse are clearly laid out, he will go straight to it.

Cooperate when it's time to cooperate, and fight when it's time to fight. Only by being so shameless and doing things only for profit can we subdue these arrogant British people.

Including those guys who betrayed their ancestors, their hands and feet would be broken from time to time while walking on the road, or they would be thrown directly into the sewer... It was impossible for the police to find out who did it, but everyone in Xiangjiang knew that it was Who did it.

This is also a simple and crude approach!

Those shameless literati who once thought that their speeches were innocent were so frightened that they no longer dared to mention Yin Jun by name in newspapers.

Who is not afraid that these accidents will happen to them?

Yin Jun is acting like this, and he is so violent.

Because in this world, especially in a place like Xiangjiang where the jungle prevails, if you become tough and fierce, you will actually live a good life.

Among those honest and kind people, which one do you think will have a good ending?

The topic returned.

With the landing permission for these 10 routes, Dragonair had a good momentum from the beginning.

Especially for the five routes to Los Angeles, New York, Shanghai, Huajing and Tokyo, almost every flight is full.

Calculated based on the average flight time of each aircraft of 6-12 hours, Shanghai, Beijing and Tokyo can still maintain an average frequency of two flights every three days, but New York and Los Angeles can only operate once every three days.

Aircraft are very rare and not enough to operate, which is also one of the reasons for the popularity.

That is to say, there are no standing tickets on the plane, otherwise the half-price standing tickets would be completely sold out.

Under such circumstances, Dragonair's management has issued a report for the third time in half a year, hoping to purchase five more aircraft, at least one more for New York and Los Angeles routes. .

But this report was directly rejected by the board of directors.

Well, the rotating boss of the board of directors is Mr. Cao.

The reason for his refusal is simple. Although Dragonair seems to be very prosperous now, it is actually suffering from serious losses.

First of all, the capital for establishment is 5 billion Hong Kong dollars, and the purchase of aircraft alone cost nearly 4 billion Hong Kong dollars.

The rest is setting up various routes, airport parking spaces and counter rental fees, various operating costs, etc. HK$1 billion is simply not enough to make ends meet.

Now in April, there is basically no money in the account, and bank loans are almost 200 million Hong Kong dollars.

It’s hard to see that today’s flight routes are booming, and the daily expenses and operations can be guaranteed. How many more aircraft will you buy?

Wouldn’t that cost another billion Hong Kong dollars?

Airplanes in this era are really not cheap!

We have invested huge sums of money for so long, and it only takes 5 to 10 years to recover the cost. If you continue to increase expenditures, what do you want the shareholders to think?

Cao Guangbiao's idea did not get the support of other shareholders, especially Zhaox Bureau and Derun. They felt that this was an opportunity to expand the influence of Chinese airlines and penetrate into the global aviation market. This was definitely a loss. Money can be used to do good things!

They all thought so, and Mr. Huo and Hu Yinxiang, two hardcore men, naturally stood on that side.

Li Chaoren also agreed with their opinions out of business considerations.

Seeing that the situation was over, Cao Guangbiao could only come to consult Yin Jun's opinion.

If Yin Jun doesn't support him, he can only approve the acquisition of aircraft and expand operations.

When Yin Jun heard what Cao Guangbiao said on the phone, he did not directly express what he meant.

He asked Cao Guangbiao several questions.

"Mr. Cao, is the purpose of establishing Dragonair to compete with Cathay Pacific?"

"The current situation is that we have already taken the first step of operation relying on the rich passenger resources in the mainland. Why should we rest on our laurels instead of advancing bravely?"

"This is how business is done. If we don't seize the opportunity, then Cathay Pacific will rely on its strong strength to compete maliciously with us on various routes again. With its current size, can it compete with them?"

"If we build Dragonair, we will have a very important link in terms of passenger transportation and cargo transportation in the future! Do you still remember the advantages of charter kings in shipping? In terms of future social development, you say Will the aviation industry recreate the grandeur of maritime transport?"

"Some businesses may not make much money, and the investment is very large. But when we start this business, will the symbolic meaning be great? In the eyes of outsiders, does this represent our courage? ? If we operate on such a small scale and it is enough, then what will others think of the Chinese businessmen?"

After hearing this, Cao Guangbiao put down the phone.

Three days later, he called Yin Jun back.

After communication, the board of directors wants to purchase five more ultra-long-range aircraft, with a total price of approximately HK$2.4 billion.

As a shareholder, Yin Jun, does he agree?

Of course the boy smiled and agreed.

As he said, although some industries may not necessarily make a lot of money, they have to be done.

Now three to five years of losses and huge capital investment are really nothing.

Although the aircraft aviation industry is not a sunrise industry, until 2020, it will still be an industry with good and stable profits, which is much better than the shipping industry.

Not to mention that when online shopping develops in the future, the aircraft industry will be able to take advantage of it.

By that time, one Dragonair may not be enough!

…

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