Cathay Pacific---Will its onerous path lead to bankruptcy?
Aug 29, 2019, 9:34 pm
#31
Join Date: Sep 2011
Location: MNL
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Recently flew to NRT and back...the plane was half empty on both classes on both sectors.
MNL flight was also not full.
although my friend just came from CDG and his flight was full.
MNL flight was also not full.
although my friend just came from CDG and his flight was full.
Last edited by FlyPointyEnd; Aug 29, 2019 at 9:46 pm
Aug 29, 2019, 9:54 pm
#32
Join Date: Jul 2014
Location: SFO/HKG
Programs: ex-UA 1K, AA EXP, Hilton Diamond
Posts: 535
Flight loads vary by route and the feedback I received from my colleague who flew SFO-HKG a few weeks ago was that the plane had close to a 30% load.
There's also a ton of stand-by non-rev pax so you'll always see the flights from KIX-HKG almost completely full.
There's also a ton of stand-by non-rev pax so you'll always see the flights from KIX-HKG almost completely full.
Aug 29, 2019, 10:05 pm
#34
Join Date: Mar 2008
Location: LAX
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I don't think this is possible, they were threatening to cut off CX from chinese airspace due to "safety" concerns. Most CX flights (except SE asia/ANZ) cross chinese airsapce...
Aug 29, 2019, 10:07 pm
#35
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Aug 29, 2019, 10:44 pm
#36
Join Date: Jun 2016
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I don't think Cathay will bankrupt, but they might (based on the will of Hong Kong people, and willingness to inconvenient their flight plans) boycott the airline to a point of losing so much money that management has no choice but to entertain the buyout from other major airlines such as Air China. All in all, for this to happen, it takes a good 2-3 years of financial beating for Swire to even entertain such possibility, so all talk now is pretty nil.
Aug 30, 2019, 12:26 am
#39
Join Date: Nov 2018
Programs: CX, BA
Posts: 91
Yes, they can still bring in overseas recruits, but on much poorer contract terms.
CX is now accepting crew with very few hours / experience - whilst established / experienced crew are moving out of HK - most of them willingly loosing their seniority in the process.
CX's excellent safety record is being put at a higher risk, and God forbid, if anything happens, this will speed the demise of CX quicker than any demonstration.....
Aug 30, 2019, 1:54 am
#40
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CX ability to continue to attract expat flight crew into senior flight deck positions has been diminishing over the last 5 years.
Yes, they can still bring in overseas recruits, but on much poorer contract terms.
CX is now accepting crew with very few hours / experience - whilst established / experienced crew are moving out of HK - most of them willingly loosing their seniority in the process.
CX's excellent safety record is being put at a higher risk, and God forbid, if anything happens, this will speed the demise of CX quicker than any demonstration.....
Yes, they can still bring in overseas recruits, but on much poorer contract terms.
CX is now accepting crew with very few hours / experience - whilst established / experienced crew are moving out of HK - most of them willingly loosing their seniority in the process.
CX's excellent safety record is being put at a higher risk, and God forbid, if anything happens, this will speed the demise of CX quicker than any demonstration.....
When it happens....
Aug 30, 2019, 2:40 pm
#41
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AFAICT - Hong Kong bankruptcy law provides no such alternative.
So if I am right, if CX files bankruptcy, it will be over for CX.
Aug 30, 2019, 9:18 pm
#42
Join Date: Mar 2011
Posts: 13
If you are talking about the US3, then they are different stories, as the U.S. bankruptcy law explicitly allows entities to request debt reorganization before a full and complete bankruptcy.
AFAICT - Hong Kong bankruptcy law provides no such alternative.
So if I am right, if CX files bankruptcy, it will be over for CX.
AFAICT - Hong Kong bankruptcy law provides no such alternative.
So if I am right, if CX files bankruptcy, it will be over for CX.
Aug 30, 2019, 10:00 pm
#44
Join Date: Jun 2016
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Cathay won't be over if it's bankrupt. Remember, we are living in the age of "Too Big to Fail". If Hong Kong (and China) stand by and watch Cathay disband, it will bring chaos. What likely will happen is Cathay will be "bail-out", but in China it's "take-over", likely by Air China or equivalent. So if you mean bankruptcy that leads to new management, than yes. If you mean bankruptcy that leads to the demise and disappearance of Cathay? No.
Aug 30, 2019, 10:18 pm
#45
Join Date: Apr 2018
Posts: 36
CX is not going to go bankrupt over this. Given that Air China and Qatar Airways are investors. They could go bankrupt if they were banned from flying Chinese airspace, but I do not see that happening while Air China is a major investor.