Exclusive | Crisis-hit Hong Kong Airlines expecting substantial amount of money pumped for its survival by Saturday, CEO Sun Jianfeng says
- In an interview with the Post, Sun says he expects money to arrive ‘within one or two days’, which would ensure the airline’s survival for now
- On Monday, Air Transport Licensing Authority deemed HKA’s financial situation had ‘deteriorated rapidly’ as it could not pay its staff on time
Crisis-hit Hong Kong Airlines (HKA) is expecting a substantial amount of money to be pumped into its hands for survival by Saturday, when the government will decide its fate, CEO Sun Jianfeng has said.
In an exclusive interview with the Post, the boss of the third-biggest carrier in the Asian financial hub said he expected money to arrive “within one or two days”, which would ensure the airline’s survival for now.
“We will try our best to get enough money,” he said. “But it’s very short notice to get a huge [amount] of money.”
Last Monday, the Air Transport Licensing Authority (ATLA) deemed HKA’s financial situation had “deteriorated rapidly” as it could not pay its staff on time, amid further concerns that its money troubles could impact its ability to operate flights, in breach of its licence.