Lantau bus franchise holder, Kwoon Chung Buses Holdings, a listing candidate, says its income growth will not suffer if it fails to win lucrative routes to the new airport. The 23-year-old holding company, which plans to go public soon, will join Kowloon Motor Bus and China Motor Bus on the Hong Kong exchange. Analysts said a winning bid for 13 bus routes linking the Chek Lap Kok Airport with Kowloon and Hong Kong island would provide a significant boost to the company's recurring income. Chairman Thomas Wong Chung-pak yesterday said he was pessimistic about winning the tenders. He said Kwoon Chung had proposed two routes to begin operations next June, fewer than the five suggested by the Government. Kwoon Chung faces competition from both Kowloon Motor Bus and Citybus, with the winner expected to be announced this month. 'We are unlikely to win,' Mr Wong said. 'But I don't see this would impair our income growth and squash our listing plan, if we lost.' Operating non-franchised bus services is the company's key profit contributor, accounting for more than 80 per cent of income. This covers bus services for schools, factories, housing estates, hotels and multiple transport. Mr Wong said Kwoon Chung would focus on hotel and multiple transport bus services in the face of an expected tourist boom in the next two years. The company has spent up to $8 million on 80 new buses in the past four months. Mr Wong said purchases would continue. Public bus services on Lantau island contributed about 10 per cent of income. Kwoon Chung took over the Lantau Bus Co 23 years ago and has won from the Government a 10-year extension of its franchise, starting next year. It is still waiting for approval from the Joint Liaison Group. Mr Wong said Kwoon Chung planned to add one new route this year, linking Tung Chung MTR to Tai O, boosting its routes to nine. Kwoon Chung runs bus services in Shanghai, Guangzhou, Shantou, Shenzhen and Dalian through joint-ventures.