HONG KONG, Sept 14 (SCMP): Hong Kong’s Cathay Pacific has grounded two-fifths of its passenger fleet for the “foreseeable future”, warning it will not survive Covid-19 unless it restructures and adapts for a post-pandemic future.
Executive director Ronald Lam Siu-por said it was clear the 73-year-old airline was “facing a long and uncertain road to recovery” as it planned a sweeping restructuring that could be unveiled as soon as next month.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
