Hundreds of Hong Kong Airlines crew facing axe as cash-strapped carrier battles to stay afloat

Hundreds of Hong Kong Airlines pilots and cabin crew are facing the axe as the struggling carrier battles to stay afloat.After narrowly avoiding going out of business in December – when only a last-minute cash injection from its indebted owner HNA Group stopped the government revoking its licence – the airline has to cut costs to avoid running out of money again.One of the conditions imposed in December by the Air Transport Licensing Authority (ATLA) was for HKA to maintain and improve its cash…

from South China Morning Post https://ift.tt/2rLk694
Danny Lee Hundreds of Hong Kong Airlines pilots and cabin crew are facing the axe as the struggling carrier battles to stay afloat.After narrowly avoiding going out of business in December – when only a last-minute cash injection from its indebted owner HNA Group stopped the government revoking its licence – the airline has to cut costs to avoid running out of money again.One of the conditions imposed in December by the Air Transport Licensing Authority (ATLA) was for HKA to maintain and improve its cash… https://ift.tt/eA8V8J January 03, 2020 at 02:00AM