Bosses at Hong Kong Airlines have until Saturday to find more money to keep the carrier afloat. Photo: Nora Tam
Hong Kong Airlines bosses given five days to save company, leaving 3,500 employees at risk just weeks before Christmas
- Air Transport Licensing Authority says ailing carrier must find new cash stream or it could revoke or suspend operating permit
- Analyst doubts that money can be found before December 7 deadline
Topic |
Hong Kong aviation
Bosses at Hong Kong Airlines have until Saturday to find more money to keep the carrier afloat. Photo: Nora Tam
Hong Kong Airlines’ financial woes means it was not able to pay all its staff in November. Photo: Nora Tam
Hong Kong Airlines fighting to survive as licensing authority calls crisis talks over carrier’s financial woes
- Air Transport Licensing Authority says carrier has been in deep financial trouble for ‘long period of time’ as it hints at taking action
- Officials could revoke HKA’s licence or demand it restructure as condition of continuing to exist
Topic |
Hong Kong Airlines
Hong Kong Airlines’ financial woes means it was not able to pay all its staff in November. Photo: Nora Tam