I TAKE strong issue with the comments by K.L. Law ('Diary of a Private Investor', Sunday Post , November 9).
Mr Law states of Cathay Pacific: ' . . . we wonder if it is, in fact, making the picture look more gloomy in order to avoid raising salaries for staff and to pressure the Airport Authority to reduce landing fees at Chek Lap Kok.' While I am not pleased with the current market picture, I am even less impressed that Mr Law would imply Cathay Pacific is attempting to deceive its staff, shareholders and business partners.
Cathay Pacific has been very forthright about the difficulties it is experiencing and the dramatic actions it has taken to try and reverse the situation.
To suggest that this situation is a hoax cooked up to keep salaries low and pressure the Airport Authority is shockingly naive.
Cathay Pacific appreciates the support its staff have given it throughout the past year, which has been one of the most difficult in its history. It is counting on that support to continue as its moves to the new airport at Chek Lap Kok next year.
It is also engaged in meaningful discussions with the Airport Authority. Accusations such as those by Mr Law undermine both his and Cathay Pacific's credibility.
