HONG KONG AIRLINES CATHAY PACIFIC CUTS DOWN ON EMPLOYMENT FOR SUSTAINABILITY CONCERNS

HIGHLIGHTS

• Cathay Pacific declared plans to cut its labor force by 25% with shut down of its short-pull carriers with an end goal to endure the staggering effects of the Covid pandemic

Over the globe, aircraft have been pounded as the pandemic ...

HONG KONG TO INFUSE FUNDS INTO PLAGUED CATHAY PACIFIC AND HKA

• Beleaguered Airline Cathay Pacific saves face in mounting losses with a fund infusion of HK$ 236 Billion from Hong Kong Government
• Airport Authority, in corresponding measure, to pull-out the cash-strapped airline from the reds by buying 5 00,000 tickets  and save face for...

HONG KONG AVIATION SECTOR OUTDONE BY MOUNTING SNAGS

• The coronavirus has enforced many major setbacks to the economy and one of the worst hit is the aviation sector
• Hong Kong Aviation sector is one right upfront

Coronavirus pandemic has brought about in its wake many disasters including crumbling of economy and ...