More work to be done in Hong Kong; Norwegian first in line for the “797”

After the news broke yesterday on the passage of the new Inland Revenue (Amendment) (No 2) Bill, which will create a tax regime for aircraft leasing business in Hong Kong, more measured reactions have emerged, specifically from one of its key architects, Dewey Yee. “It’s certainly a brilliant start for Hong Kong’s competitiveness,” he told Airline Economics, “however, Hong Kong will need a great deal more of hard, concerted work on a building a truly solid foundation to maintain the future viability and commercial relevance in aircraft leasing, financing and investments. It’s not about building it and they will come;