Hong Kong Airlines draws up 'initial cash injection plan'

Hong Kong Airlines chairman Hou Wei in an internal memo to staff said the carrier has drawn up an "initial cash injection plan" that would allow it to pay remaining staff their overdue salaries by 05-Dec-2019, adding "our services will gradually resume to normal as soon as the funds arrive" (South China Morning Post/Reuters/Bloomberg, 04-Dec-2019). Mr Hou said the carrier will continue to "drive consolidation and strengthen our internal structure to improve revenue", while acknowledging that some services are already restricted or affected due to the weak travel demand and declining revenue.