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Written by: Hu Jiaxin
2019-12-03 08:50
Last updated: 2019-12-03 08:50Hong Kong Airlines is struggling with financial difficulties. The Air Transport Licensing Authority yesterday (3rd) urged it to improve its finances, otherwise it will be delisted. A decision will be made before this Saturday (7th). The parent company Hainan Airlines issued an announcement last night. The company's board of directors agreed that eight bank syndicates with the China Development Bank as the lead bank and the correspondent bank signed loan contracts, and the company applied for a total of 4 billion yuan in loans from the syndicate.
Wu Min'er, chairman of the Trade Unions Union, attended the Hong Kong and Taiwan program "Millennium" this morning, saying that if Hong Kong Airlines obtains funds to help face the current difficulties, it will indeed be "relaxed." However, she believes that if the company's working capital is unstable for a long time, it will cause worry to passengers and employees. She pointed out that no flight attendants have been dragged on, but other employees will be paid later this month. She pointed out that the morale of Hong Kong Airlines was worrying at the moment, some people did not want the company to continue to report poor operating conditions, and some people were "determining the company's status."
Wu Miner also criticized on the show that the government and the Air Transport Licensing Authority were not enough to monitor and prevent the operation crisis of Hong Kong Airlines. "It just happened." She believes that the government should impose renewal requirements when airlines renew their licenses. Restrictions, such as holding a certain margin, accumulating part of the airfare charges as a fund reserve, etc. She also pointed out that the market will inevitably be quiet in the coming year, and that the overall economy will show signs of downward adjustment, which will affect various industries. Unless the situation in Hong Kong recovers, consumption growth can be stimulated.
Hong Kong Airlines has had several accidents with missing parts this year. The picture shows the situation after the crew's safe rework. (Profile picture)
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Hong Kong Airlines