Greater Bay Airlines is suspending flights from Hong Kong to Singapore for “commercial reasons”.

The Hong Kong-based airline said the suspension was due to “commercial reasons” after analyzing recent market conditions. South China morning post reported.

The airline said all affected passengers would be compensated with a free return ticket The Times of the Straits.

The service has been running since April 26, with one-way flights starting at HK$480 (US$61).

The airline was founded by Chinese real estate mogul Wong Cho Bau, who also owns Shenzhen-based Donghai Airlines, and began operations in 2022.

With a fleet of seven single-aisle Boeing 737-800 aircraft, the company operates flights from Hong Kong to Asian destinations such as Ho Chi Minh City and Tokyo.

For Singaporeans, Hong Kong is known as a food and shopping paradise.