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The application to take over the routes is a major step for the fledgling airline, but it could face objections from would-be competitorsThe routes were relinquished by now-defunct regional carrier Cathay Dragon, which was shut down last year as part of it’s parent company’s restructuring
It is not unusual for nationalist fervour to override economics in the search for quick fixes. Here's why this would be folly when it comes to airline and hotel rescues.
HONG KONG: They’re both pillars of their economies, highly regarded by customers and totally reliant on international travel. They’re also in deep financial strife and shedding thousands of jobs because of the virus crisis.
FOR an airline built in an era of globe-spanning cosmopolitanism, a pandemic that’s shut the world’s borders is particularly brutal
HONG KONG (AFP): Cathay Pacific announced plans Wednesday (Oct 21) to cut its workforce by nearly a quarter and close one of its short-haul airlines in an effort to survive the "devastating" impacts of the coronavirus pandemic.
SYDNEY: Hong Kong's Cathay Pacific Airways Ltd said on Wednesday it would cut 5,900 jobs and end its regional Cathay Dragon brand as it grapples with a plunge in demand from the coronavirus pandemic.
HONG KONG, Oct 20, (Bloomberg): Cathay Pacific Airways Ltd. will cut 6,000 jobs and close its Cathay Dragon brand, the South China Morning Post reported, as part of a strategic review to combat the deep damage caused by the coronavirus pandemic.
HONG KONG (AFP): Hong Kong's budget carrier HK Express joined airlines offering "flight to nowhere" on Thursday (Oct 15) with an inaugural journey filled with media and influencers, sparking criticism from environmentalists.
SYDNEY: Hong Kong’s Cathay Pacific Airways Ltd said it welcomed all employee ideas to get it through the pandemic after pilots pushing to be included in restructuring talks ran a newspaper advertisement to drum up public support.
SYDNEY (Reuters): Hong Kong’s Cathay Pacific Airways Ltd said on Wednesday (Sept 30) it welcomed all employee ideas to get it through the pandemic after pilots pushing to be included in restructuring talks ran a newspaper advertisement to drum up public support.