Macao’s Potential to Participate in Aircraft Financial Leasing Between China and Portuguese-Speaking Countries

ABSTRACT

This research focuses on examining the feasibility of aircraft financial leasing transactions between Macao and Portuguese-speaking countries, taking into account Macao’s growing finance sector. The objective of the study is to enhance Macao’s position as a Sino-Portuguese platform, with a particular emphasis on its role in Sino-Portuguese routes. Interviews were conducted with ten strategically chosen individuals representing key perspectives, and content analysis was performed. Based on the interview results and the analysis of resources in terms of Value, Rarity, Inimitability, and Organization (VRIO) within Macao’s context, two strategic plans were proposed. The study identifies promising prospects for the development of the aircraft financial leasing sector in Macao, leveraging key trends and the unique combination of VRIO resources and distinctive competencies available in Macao. The proposed strategic plans and their potential implementation are discussed. This study is among the first to apply resource-based theory to the aircraft financial leasing sector while integrating the VRIO framework to identify Macao’s competitive advantages in this area. Additionally, the research contributes to scholarly knowledge of the strategic visioning process. Furthermore, aircraft financial leasing has positive impacts on the tourism and hospitality industry in Macao.

澳门参与中国与葡语系国家之间飞机融资租赁的潜力摘要

随着金融行业的快速发展，本研究主要目的是探讨澳门与葡语系国家之间开展飞机融资租赁业务的可行性。此研究旨在提升澳门作为中葡合作平台的地位，特别强调其在中葡航空业发展中扮演的角色。十位利益相关群体代表参与了研究访谈，提出了重要的战略发展观点。基于访谈记录，本研究进行了深度的内容分析。根据访谈结果并结合资源基础理论，对澳门相关资源的价值、稀缺性、难以模仿性和组织性 (VRIO) 进行分析。研究结果基于澳门独特的 VRIO 资源和能力确定了澳门在飞机融资租赁行业发展的前景; 讨论提出了战略方案及其可行性。本研究首次将资源基础理论应用于飞机融资租赁行业，同时结合了 VRIO 框架，以确定澳门在该领域的竞争优势。此外，本研究有助于提高学术界对战略构思过程的认知。更重要的是，飞机融资租赁对澳门旅游和酒店业的发展将产生积极的影响。通过租赁现代化飞机，可以提升和葡语系国家旅游业的连通性，吸引更多来自葡语系国家的国际游客。此外，通过租赁环保节能的飞机，旅游业可以实现可持续发展，与全球的可持续性目标相一致.

KEYWORDS:

• Financial leasing
• sustainable tourism
• Macao
• Sino-Portuguese
• aircraft leasing
• China

关键词:

• 融资租赁
• 可持续旅游
• 澳门
• 中葡
• 飞机租赁
• 中国

Acknowledgments

The support of Macao Foundation is gradually acknowledged. This paper is extended from the research work funded by the Project of Macao Foundation (Ref. No.100673-2212-421).

Disclosure statement

No potential conflict of interest was reported by the author(s).

Additional information

Notes on contributors

Ming Liu

Ming Liu is Associate Professor in the Department of Accounting and Information Management at University of Macao, Macao SAR, China. His research interests include Financial Accounting, Auditing, Corporate Governance, Corporate Social Responsibility and Accounting in the Hospitality and Gaming Industries (E-mail: [email protected]).

Jieqi Guan

Jieqi Guan is an Assistant Professor in the Faculty of Innovative Hospitality Management, Macao University of Tourism, Macao SAR, China. Her research interests include Accounting in the Hospitality and Tourism industries, CSR, Sustainability, and Auditing (Email: [email protected]). Full address: Avenida Padre Tomás Pereira, S.N., Taipa, Macao, China

Ching-Chi (Cindia) Lam

Ching-Chi (Cindia) Lam is the Dean of the Institute of Executive and Professional Development (IEPD) at Macao University of Tourism (UTM), Macao SAR, China. Her research focuses on tourism and hospitality areas that span from tourism sustainability, the development of tourism products (including medical tourism, wine tourism, and adventurous tourism), corporate social responsibility (CSR), to the psychological wellbeing of employees and customer behavior. She has also involved in many government policy and commercial consultancy projects (E-mail: [email protected]). Full address: Colina de Mong-Ha, Rm I111, Inspiration Building, Macao SAR, China.

Yui-yip Lau

Yui-yip Lau is an Interim Head of Student Affairs and Senior Lecturer in the Division of Business and Hospitality Management, College of Professional and Continuing Education, The Hong Kong Polytechnic University. His research interests include cruise ships, ferries, impacts of climate change, shipping education and training, transport history, sustainability issues, resilient supply chain management, health logistics, human remains and regional development. (Email: [email protected]). Full address: 9 Hoi Ting Road, Yau Ma Tei, Kowloon, Hong Kong

Fang Hong

Fang Hong is an Assistant Professor in the Faculty of Hospitality and Tourism Management, Macau University of Science and Technology, Macao SAR, China. Her research interests include Corporate Governance in Hotel and Tourism Industry, Hospitality Financial Management, Educational Tourism (Email: [email protected]). Full address: Building O, O328, Macau University of Science and Technology, Avenida Wai Long, Taipa, Macao