HONG KONGGreater Bay Airlines, a new Hong Kong-based carrier is reportedly considering ordering up to 30 single-aisle jets from either Boeing or Airbus.

Greater Bay Airlines, which is awaiting final approval from the local regulator to operate commercial passenger flights out of Hong Kong, is gearing up to establish itself in a market dominated by the city's flag carrier Cathay Pacific Airways.

According to the sources familiar with the matter, the airline is evaluating both Boeing’s 737 Max 10 jets and Airbus’s A321neos for its future fleet. Such an order could amount to as much as $1.77 billion, according to calculations by Avitas Inc. The carrier is reportedly in talks with both Boeing and Airbus.

Greater Bay Airlines is planning to fly to 104 destinations in mainland China and Asia.

Hong Kong's new airline secured its air operator’s certificate (AOC) last year in October for both charter and cargo flights.

If Greater Bay Airlines chooses Boeing 737 MAX 10s, it would the American planemaker to gain a foothold in Hong Kong, where Airbus dominates the narrowbody jetliner market. If Airbus wins the deal, it would enable the European aircraft manufacturer to extend its domination on the market.

Via Bloomberg