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Cathay Pacific bleeds millions as staff fear China takeover

March 08, 2022 7:16 AM

HONG KONG (BLOOMBERG) – In late January, staff of Cathay Pacific Airways were invited to an online meeting with senior management. It was supposed to be a debrief on the airline’s financial performance, but when the floor was opened to questions, the first was whether Hong Kong’s flag carrier would be taken over by its state-owned shareholder Air China.

Source : https://www.straitstimes.com/business/companies-markets/cathay-pacific-bleeds-millions-as-staff-fear-china-takeover

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