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Hong Kong’s new start-up carrier Greater Bay Airlines has appointed Algernon Yau as its new – and first – CEO.

Yau is well credentialled in the airline industry, having spent four decades as CEO of the now defunct Cathay Dragon – which shut down in October last year.

An internal memo circulated by Greater Bay Airlines founder Bill Wong Cho-bau stated that Yau will take up his new post effective today (4 January, 2021) after retiring from the Cathay Group after almost 40 years with the company, it was reported on the SCMP.

Industry insiders believe Yau’s appointment should give a boost to the newly formed airline as it seeks regulatory approval for its launch. The new carrier submitted an application to Hong Kong’s civil aviation authority in July last year for an air operator’s certificate (AOC).

It's understood that Greater Bay Airlines may pick up some of the routes left vacant by the departure of Cathay Dragon.