Cathay Dragon is no more, but its air traffic rights – pegged by insiders to be headed to parent Cathay Pacific – will be coveted. Photo: Shutterstock
exclusive | Dragon’s gold: Hong Kong’s Cathay Pacific likely to retain axed subsidiary’s routes, sources say, but push for transparency ongoing behind scenes
- Multiple sources tell Post city’s de facto flag carrier secured deal in principle to keep valuable traffic rights before pulling plug on regional airline
- And as pro-Beijing lawmakers lobby for fair play, upstarts like Bill Wong’s Greater Bay Airlines hope to grab their own piece of the pie
Cathay Dragon is no more, but its air traffic rights – pegged by insiders to be headed to parent Cathay Pacific – will be coveted. Photo: Shutterstock
Corrected [11:18am, 23 Oct, 2020]
- [11:18am, 23 Oct, 2020]
An earlier version of this story referred to air traffic rights being awarded by the Air Transport Licensing Authority (ATLA). While ATLA is responsible for licensing air services between Hong Kong and the rest of the world, the Transport and Housing Bureau reviews airlines' commercial bids to operate routes and awards the traffic rights.
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