Can Cathay Pacific get its act together, or is it time for Hong Kong authorities to take a stake in the airline?

Cathay Pacific Airways CEO Ronald Lam Siu-por found himself in the hot seat when he faced an aggressive panel of Hong Kong lawmakers who criticised the carrier’s “chaotic” management, slow pace of recovery and worsening service.

Members of the Legislative Council’s economic development panel did not hold back as they grilled him on a string of recent problems that hit the city’s flag carrier.