[Hong Kong Airlines Crisis] Hong Kong Airlines Initially Meets Government's Funding Requirement

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Written by: Chen Jingqi

2019-12-04 12:49

Hong Kong Airlines was struggling with financial difficulties. Earlier, internal letters were sent to employees stating that in addition to the crew members and overseas employees who will be paid on time, the remaining salaries of employees in Hong Kong will be delayed until December 6.

Hong Kong Airlines issued an internal letter to employees today (4th), stating that the Air Transport Licensing Authority will issue a notice on the 2nd of this month to add new conditions to the Hong Kong Airlines license, and after emergency consultations, initially formed a funding injection plan that meets regulatory requirements. The salaries of employees will be paid tomorrow (5th). After the capital is credited, the services will return to normal.

When the Air Transport Licensing Authority replied to "Hong Kong 01", it stated that, to date, no reply has been received from Hong Kong Airlines regarding the licensing authority attaching two new conditions to its license on December 2, 2019.

Hong Kong Airlines was in financial difficulties. It had previously announced that it would reduce its existing flights by about 6%. It will suspend flights in Los Angeles, Tianjin, and Vancouver in February next year. It also announced that it would stop providing in-flight entertainment system services in December. (Profile picture)

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