Hong Kong’s roster of major passenger airlines could soon swell to five, following revelations that a mainland start-up has applied for an Air Operator’s Certificate (AOC). In recent days, the island’s Civil Aviation Department revealed that a submission from Greater Bay Airlines was made to the agency last month, confirming that the bid is still
The government of Hong Kong will take a minority stake in Cathay Pacific as it agrees to bail out the airline to the tune of $5 billion. Cathay Pacific and its parent company Swire Pacific also announced that they plan to raise HK$39 billion ($5 billion) in new capital. Hong Kong’s flag carrier has struggled
Hong Kong Airlines has reassured passengers it is operating as normal despite local authorities imposing a five-day deadline to improve its finances.
Cathay Pacific has outlined plans to reduce capacity by 1.4 per cent in 2020 amid the ongoing impact of the demonstrations in Hong Kong, media reports say.