Originally Posted by
Cathay Boy
Ok, now it's in the open. CX is struggling for cash and it's the second time they have to dump stocks for cash. They need the cash to pay for the planes they ordered, and for operational costs. Business has not pick up for them to be able to have enough cash to do what they plan to do. Selling them to Swire, their parent company, is a safe move.
As for Air China taking over CX, in my opinion it's only a matter of time. Air China needs only 0.01% to be eligible to fight for board control (needs 30%, they have 29.99% at the moment). The "mainland" influence is already obvious in all facets of CX - from cabin personnel to services to corporate strategy to management style.
Anyway, CX has more cash to buy more planes and pay salaries.
Excuse me, but where exactly does it say this? Can you post a link to anything official? Would be better than just coming on here and spewing wild rumors/speculations. Considering that CX paid back the unpaid leave for their staff from last year I have a hard time believing your statement.
Originally Posted by
hau cheng
From what I hear, CX will drive the 747's to death until a replacement option becomes available, more likely to be the 747 800 as opposed to the A380, largely because of the problems QF have been having with theirs.
Apparantly, business is good at CX and they can't get enough planes in the air, even having pulled the two they had out of desert storage.
Unfortunately that won't help passengers so much since those planes are freighters.
