Cathay Pacific Airways Ltd (0293.HK)
19 Aug 2019
HONG KONG/SINGAPORE Cathay Pacific Ltd needs to focus on safety and security, its customers and the completion of a three-year financial turnaround plan, the airline's new chief executive told staff on Monday.
* Some Chinese travellers could continue boycott - analyst (Recasts with new CEO message to staff, adds closing shares)
HONG KONG, Aug 19 Shares of Cathay Pacific Airways rose more than 2 percent early on Monday after CEO Rupert Hogg resigned in a shock move, as the carrier grapples with the involvement of some of its employees in the city's anti-government protests.
HONG KONG (Reuters Breakingviews) - It looks as if China is now flying Cathay Pacific Airways. Chief Executive Rupert Hogg and one of his top deputies abruptly resigned on Friday after the company spent a week scrambling to quell a mainland backlash related to Hong Kong protests. The shakeup occurs at an especially bad time for the carrier.
HONG KONG/SINGAPORE Cathay Pacific Airways CEO Rupert Hogg resigned in a shock move on Friday, amid mounting Chinese regulatory scrutiny of the Hong Kong carrier over the involvement of its employees in the city's anti-government protests.
* Hogg says these have been "challenging weeks" for the airline (Adds CEO email to staff)
HONG KONG, Aug 16 Cathay Pacific Airways said CEO Rupert Hogg had resigned and named Tang Kin Wing Augustus as the new chief.
BEIJING China's aviation regulator said on Thursday that identification information submitted so far by Hong Kong's Cathay Pacific Airways Ltd for its crew meets requirements.
* Airline fired two pilots on Wednesday (Adds Cathay statement)
HONG KONG/BEIJING Cathay Pacific Airways has terminated the employment of two pilots, the company said on Wednesday, after it suspended them in the past week over their involvement in protests in Hong Kong. | Video