Financial News
Written by: Zhang Weilun
2020-06-08 17:48
Date of last update: 2020-06-08 17:48Earlier, it was reported that Cathay Pacific Dragon of Cathay Pacific (0293) may merge with other brands in the department. However, "Reuters" reported that due to the anti-amendment incident last year, Cathay Pacific did not get the mainland civil aviation authority to increase the waypoints, in disguise, making it difficult for Cathay Pacific to absorb Cathay Dragon and hinder the reorganization. "South China Morning Post" quoted the news that Cathay Dragon will continue in the foreseeable future, but in the future, Cathay Dragon will only operate routes from Hong Kong to the mainland.
The South China Morning Post reported that Cathay Pacific is looking for a new helmsman for Cathay Dragon to replace the 62-year-old Qiu Yinghua. Qiu Yinghua has served as the Chief Executive Officer of Cathay Dragon since 2015, and will stay in Cathay as a consultant after retiring.
In addition, under the epidemic situation, freight has become the focus of the company's capital flow. Cathay Pacific is considering re-establishing a special director-level management to handle freight business.
On the other hand, Cathay Pacific discussed a number of reorganization plans internally and had postponed a meeting with the Cathay Pacific Pilots Union. It is reported that Cathay Pacific has met with the pilots’ union members to discuss arrangements such as remuneration and manpower. It is expected that the two sides will hold discussions for several days. "Apple Daily" cited the news that the Cathay Pacific pilot announced that it intends to explain to members within this week.
Cathay Pacific Dragonair