<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by tfong007:
Cathay is no longer run by Swire. They used to be but Swire no only owns about 10% of the shares. It is actually owned now by CITIC which is the PRC government. I have heard that Cathay has been planning for sometime to ship in about 10,000 Mainland China pilots. They are just waiting for an excuse to fire the greeedy white pilots. Cathay has already rented out two complete apartment towers for these new pilots close to the airport. A senior Mainland pilot makes only 30,000HKD per month plus housing. That pales in comparison to the 450K USD that a white one makes.
Of course this means that the service and safety on Cathay can only go DOWN. I have actually stopped flying them and have decided to go with Mileage Plus and the rest of Star Alliance when I can.
Cathay has just been going downhill since CITIC took the reigns.
Happy Travels.</font>
where did you obtain this rumour?
FYI.
1. CX is fully controlled by Swire
2. CX has 1200 pilots today. why would they need 10000 for?
3. what is wrong with mainland pilot? how did you find corelation in safety/serice level with skin color and pay rate? did you get worse service at shangri-la hotel in beijing vs HK? is there more accident per M flight in Air China compared with BA/UA/AA/CX?
4. CITIC Pacific is now mostly privately owned, though there is still close relationships with CITIC (in Beijing). So CITIC Pacific itself (which owns some share in CX and controls KA) is not really PRC 'owned'
5. for KA, which is controlled by CITIC Pacific. it is still run by HK people trained by CX (while CX is run by British white people, and they are good managers.). CITIC only has a few people sitting on the board. KA quality is almost no different from CX
please do not spread random rumours. people in this borad are more intelligent than you thought
[This message has been edited by pegasus8228 (edited 09-01-2001).]