[Hong Kong Airlines Crisis] Trade Unions quote CEO as confident in requesting Chen Fan to point out that government is ready

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Written by: Golden Chess

2019-12-04 16:02

Hong Kong Airlines was in financial trouble, and the Air Transport Licensing Authority earlier issued a final disc, urging it to improve its finances, otherwise it would be deadlocked on Saturday (7th). The financial situation of Hong Kong Airlines may be dawning. The Hong Kong Federation of Civil Aviation Industry Staff Union of the Hong Kong Federation of Trade Unions today (4th) met with Chen Fan, the director of the Transport and Housing Bureau. After the meeting, Chen Fan said that the government was branded "has done Prepare ", but would n’t disclose details. According to the labor union, if Hong Kong Airlines hangs cards, it is estimated that it will affect 6,000 people.

In addition, the trade union also met with Hong Kong Airlines' management yesterday (3rd). The chief executive officer Sun Jianfeng was quoted today as saying that the company is confident to meet the requirements before the deadline specified by the Licensing Authority and will continue to look for "white warriors" and financing options.

The Secretary General of the Hong Kong Civil Aviation Staff Union met yesterday with the Hong Kong Airlines executives for about an hour and a half, and met with Chen Fan for about an hour. (Photo by Golden Chess)

The board of directors of the Hong Kong Airlines parent company HNA Holdings has agreed to apply for a loan of 4 billion yuan (equivalent to a contract of HK $ 4.45 billion) from eight bank syndicates organized by the China Development Bank for HNA and the payment of fuel and wages of its airlines. . Ye Weiming, secretary general of the Hong Kong Civil Aviation Workers' Federation, said that he met with Hong Kong Airlines executives for about an hour and a half yesterday, while meeting with Chen Fan for about an hour. He also quoted Sun Jianfeng's pledge that he would not lay off staff at this stage and would be on time ,

Zhang Shuhong (right) pointed out that 60% of the employees of Hong Kong Airlines had already delivered food on time; 40% of the employees had not delivered food, mainly for logistics support employees. (Photo by Golden Chess)

40% of employees who did not produce food before Friday

Zhang Shuhong, chairman of the Hong Kong Civil Aviation Staff Union, pointed out that 60% of the company ’s more than 3,000 employees have already delivered food on time, mainly for crew members; 40% of the employees have not provided food, mainly for logistic support employees. Grain output will be made before the 6th of this month. And Sun Jianfeng also said that he was confident to meet the requirements before the deadline for the license. At present, Hong Kong Airlines has stopped recruiting and will arrange to deploy local employees to foreign airports for ground handling work to save outsourcing costs.

Ye Weiming (left) quoted Chen Fan as saying that the government was "prepared" but would not disclose details. (Photo by Golden Chess)

If Hong Kong Airlines nails cards, it is estimated that it will affect 6000 people

During the meeting between the union and Chen Fan, Ye Weiming quoted Chen as saying that the government was "prepared", but was unable to disclose details. At the meeting, the trade union told Chen Fan that if the surrounding industries, such as oil and food, were taken into account, the number of people affected by the Hong Kong Airlines incident could reach 6,000. Ye emphasized that he understood the role of the government, but hoped that the Licensing Authority would take into consideration not only the financial and safety factors of airlines, but also the employees and the social media, in order to make a decision. It is hoped that the Licensing Authority will allow sufficient time for Hong Kong Airlines to handle the capital turnover and set a buffer period.

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Hong Kong Aviation Industry Association of Hong Kong Aviation Industry