Articles tagged “cathay pacific”

China’s Crackdown on Cathay Raises Questions on Air China’s Next Move

China’s Crackdown on Cathay Raises Questions on Air China’s Next Move

Angus Whitley and Kyunghee Park, Bloomberg

Should Air China, which owns 30 percent of Cathay, buy more of the Hong Kong-based airline and become an even stronger China insider at the carrier? Or should it sell and wash its hands of a company that has incurred the wrath of the mainland? The latter sounds highly unlikely.

5 days ago

Inside the Invitation-Only Airline Lounges for the 1 Percent

Inside the Invitation-Only Airline Lounges for the 1 Percent

Chris Chamberlin, Bloomberg

Forget a free breakfast and complimentary Wi-Fi — the world's most exclusive airline lounges are a cut above what even the most frequent commercial flyer is used to.

1 week ago

Cathay Pacific Airways Chairman Steps Down Amid China Scrutiny

Cathay Pacific Airways Chairman Steps Down Amid China Scrutiny

Ville Heiskanen, Bloomberg

Cathay's chairman, now famous for his words he wouldn't dream telling staff what to think, has quit. He should have resigned earlier, when CEO Rupert Hogg appeared the fall guy.

2 weeks ago

Cathay Pacific Targeted by Unions Over Chinese Compliance

Cathay Pacific Targeted by Unions Over Chinese Compliance

Johnson Lai, Associated Press

For Cathay Pacific, sticking close to China clearly trumps everything else. It might be a good short-term business decision but with protests raging in Hong Kong, it risks being on the wrong side of history.

3 weeks ago

Cathay Pacific Cautions Staff on Social Media Use as Hong Kong Protests Continue

Cathay Pacific Cautions Staff on Social Media Use as Hong Kong Protests Continue

Kyunghee Park, Bloomberg

The situation at Cathay Pacific is not good. The airline has angered a lot of key stakeholders on both sides. It's hard to see how this gets resolved.

3 weeks ago

Philippine Tourism Industry Attracts More Family Money: Why It’s Wrong

Philippine Tourism Industry Attracts More Family Money: Why It’s Wrong

Raini Hamdi, Skift

For many, the idea that a few families can control a whole industry is unthinkable, unfair, actually galling. In Philippine tourism, it’s as entrenched as the sight of a jeepney — no one thinks anything of it at all. That has to change, although it won’t be anytime soon.

3 weeks ago

Cathay Pacific Expects Hong Kong Protests to Hurt Revenue

Cathay Pacific Expects Hong Kong Protests to Hurt Revenue

Kyunghee Park, Bloomberg

Given the level of disruption, this kind of announcement isn't a surprise. The airline will be hoping that any impact is relatively short-lived and won't hinder its turnaround plans.

4 weeks ago

Cathay Pacific CEO Quits Over Hong Kong Protests

Cathay Pacific CEO Quits Over Hong Kong Protests

Kyunghee Park, Bloomberg

Looks like Rupert Hogg is paying the price for Cathay's response to the unrest in Hong Kong. Will changing the CEO help or might things get worse?

1 month ago

China’s Pressure on Cathay Portends Less Autonomy for Hong Kong Companies

China’s Pressure on Cathay Portends Less Autonomy for Hong Kong Companies

Angus Whitley and Kyunghee Park, Bloomberg

Is China’s clampdown on Cathay during protests a one-off, or is it going to be the new normal for Hong Kong companies? The latter will be disastrous for Hong Kong’s reputation as an open market.

1 month ago

Cathay Pacific Falls in Line With China as Hong Kong Airport Protests Turn Violent

Cathay Pacific Falls in Line With China as Hong Kong Airport Protests Turn Violent

Brian Sumers, Skift

Cathay Pacific has followed Chinese regulator demands through the saga. Why? It's a business decision.

1 month ago

Hong Kong Airport Chaos Mars City’s Reputation as Global Business Center

Hong Kong Airport Chaos Mars City’s Reputation as Global Business Center

Kelvin Chan, Associated Press

This will hurt the airport's key tenant, Cathay Pacific. The biggest question is: for how long?

1 month ago

Chinese State-Run Firm Asks Staff to Boycott Cathay

Chinese State-Run Firm Asks Staff to Boycott Cathay

Bloomberg News

The question is whether a directive by China Huarong International Holdings that staff mustn't fly Cathay or Dragonair is coming from Beijing, and whether other state-run companies will follow suit.

1 month ago