Thread by @JournoDannyAero, THREAD: reporting on @cathaypacific and the announcements Wednesday culminates in a lot [...]

THREAD: reporting on @cathaypacific and the announcements Wednesday culminates in a lot of reporting over several months

1. April 2020: "Cathay Pacific is mulling adjustments to its HK$58 billion (US$7.4 billion) order for Boeing’s newest widebody jet, the 777X, including lengthy delivery deferrals & switching to the less expensive 787 Dreamliner, sources say" https://www.scmp.com/news/hong-kong/transport/article/3081289/hong-kongs-cathay-pacific-mulls-changing-boeing-777x-order?utm_source=Twitter&utm_medium=share_widget&utm_campaign=3081289 via @scmpnews

Cathay Pacific mulls changing up Boeing 777X order: sources

The city’s de facto flag carrier was one of the first airlines to order the new long-haul jets, signing up for 21 of the planes in a multibillion-dollar deal.

https://www.scmp.com/news/hong-kong/transport/article/3081289/hong-kongs-cathay-pacific-mulls-changing-boeing-777x-order?utm_source=Twitter&utm_medium=share_widget&utm_campaign=3081289

2:1 May 2020: "The Cathay Pacific Group has given its clearest hint yet of job losses among pilots as part of its Covid-19 “structural change” review"
https://www.scmp.com/news/hong-kong/transport/article/3083745/coronavirus-struggling-cathay-pacific-hints-further-job?utm_source=Twitter&utm_medium=share_widget&utm_campaign=3083745 via @scmpnews

Pilots in firing line as Cathay Pacific hints at further job losses

In midst of ‘structural change’ review, airline had said nothing was off the table and senior manager apologises for ‘rumour and uncertainty’ caused by lack of detail.

https://www.scmp.com/news/hong-kong/transport/article/3083745/coronavirus-struggling-cathay-pacific-hints-further-job?utm_source=Twitter&utm_medium=share_widget&utm_campaign=3083745

2:2 May 2020 (same article): "McGowan said the 2018 contract, along with a major investment in a pilot rostering and scheduling system, would provide “a strong foundation for us to come through this crisis”.
https://www.scmp.com/news/hong-kong/transport/article/3083745/coronavirus-struggling-cathay-pacific-hints-further-job?utm_source=Twitter&utm_medium=share_widget&utm_campaign=3083745 via @scmpnews

Pilots in firing line as Cathay Pacific hints at further job losses

In midst of ‘structural change’ review, airline had said nothing was off the table and senior manager apologises for ‘rumour and uncertainty’ caused by lack of detail.

https://www.scmp.com/news/hong-kong/transport/article/3083745/coronavirus-struggling-cathay-pacific-hints-further-job?utm_source=Twitter&utm_medium=share_widget&utm_campaign=3083745

3. October 2020: "Cathay Pacific board expected to back ambitious revamp requiring job cuts within days"
https://www.scmp.com/news/hong-kong/transport/article/3106025/cathay-pacific-board-expected-back-ambitious-revamp?utm_source=Twitter&utm_medium=share_widget&utm_campaign=3106025 via @scmpnews

Cathay Pacific board expected to back ambitious revamp within days

Airline received economic lifeline from Hong Kong government in summer to stave off collapse during Covid-19 pandemic.

https://www.scmp.com/news/hong-kong/transport/article/3106025/cathay-pacific-board-expected-back-ambitious-revamp?utm_source=Twitter&utm_medium=share_widget&utm_campaign=3106025

4. September 2020: "Cathay Pacific will apply for a limited amount of help from the Hong Kong govt. wage subsidy scheme, the Post has learned, in a closely watched move indicating how soon it can lay off staff"
https://www.scmp.com/news/hong-kong/transport/article/3101075/some-cathay-pacific-businesses-forgo-covid-19-wage-relief?utm_source=Twitter&utm_medium=share_widget&utm_campaign=3101075 via @scmpnews

Several Cathay businesses ‘to forgo’ Covid-19 wage aid, paving way for lay-offs

Salaries accounted for a quarter of company’s operating expenses in the first six months of this year.

https://www.scmp.com/news/hong-kong/transport/article/3101075/some-cathay-pacific-businesses-forgo-covid-19-wage-relief?utm_source=Twitter&utm_medium=share_widget&utm_campaign=3101075

5. September 2020: "Cathay to park up to half its fleet in desert as it struggles through pandemic" https://www.scmp.com/news/hong-kong/transport/article/3100784/cathay-pacific-planning-ship-half-its-fleet-desert?utm_source=Twitter&utm_medium=share_widget&utm_campaign=3100784 via @scmpnews

Cathay to park up to half its fleet in desert as it struggles through pandemic

Hong Kong carrier has already sent dozens of aircraft to Alice Springs, and a significant number of its 180-strong fleet could follow.

https://www.scmp.com/news/hong-kong/transport/article/3100784/cathay-pacific-planning-ship-half-its-fleet-desert?utm_source=Twitter&utm_medium=share_widget&utm_campaign=3100784

6. June 2020: "The Hong Kong government is leading a massive HK$39bn bailout of struggling Cathay Pacific, taking a sizeable stake to save the city’s aviation industry as the coronavirus pandemic grinds international travel to a halt." https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3088130/trading-cathay-pacific-halted-hong-kong-stock?utm_source=Twitter&utm_medium=share_widget&utm_campaign=3088130 via @scmpnews

Cathay bailed out to ‘protect Hong Kong’s role as global aviation hub’

With Cathay controlling more than half of passenger traffic and carrying nearly two-fifths of cargo in Hong Kong, officials view the airline’s possible collapse as a fundamental threat to the city’s...

https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3088130/trading-cathay-pacific-halted-hong-kong-stock?utm_source=Twitter&utm_medium=share_widget&utm_campaign=3088130

7. June 2020: "Cathay Dragon set for new CEO but flights may be limited to China: sources"

(clues into KA's future here - ultimately closed down yesterday)

https://www.scmp.com/news/hong-kong/transport/article/3087760/cathay-pacific-group-hong-kongs-cathay-dragon-set-new-ceo?utm_source=Twitter&utm_medium=share_widget&utm_campaign=3087760 via @scmpnews

Cathay Dragon set for new CEO but flights may be limited to China: sources

With speculation rife over Dragon’s future, sources say it will keep going for the foreseeable with senior recruits pending.

https://www.scmp.com/news/hong-kong/transport/article/3087760/cathay-pacific-group-hong-kongs-cathay-dragon-set-new-ceo?utm_source=Twitter&utm_medium=share_widget&utm_campaign=3087760

8. May 2020: "Cathay Pacific could get cash injection from shareholder Qatar Airways" https://www.scmp.com/news/hong-kong/transport/article/3084079/coronavirus-cathay-pacific-could-get-cash-injection via @scmpnews

9. September 2020 (the big newsdrop on Tuesday): "Cathay Pacific ‘to axe 6,000 staff and Dragon brand’ in bid to stay afloat" https://www.scmp.com/news/hong-kong/transport/article/3106279/cathay-pacific-axe-6000-staff-and-close-dragon-brand-bid?utm_source=Twitter&utm_medium=share_widget&utm_campaign=3106279 via @scmpnews

Cathay Pacific ‘to axe 6,000 staff and close Dragon brand’ in bid to stay afloat

Cuts, which sources say will be announced on Wednesday, are a quarter less than expected and smaller than the industry average. About 5,000 employees in Hong Kong expected to be let go.

https://www.scmp.com/news/hong-kong/transport/article/3106279/cathay-pacific-axe-6000-staff-and-close-dragon-brand-bid?utm_source=Twitter&utm_medium=share_widget&utm_campaign=3106279

10. May 2020 (it all started with this scoop): "Cathay Pacific eyes ‘structural change’ to see it through Covid-19 crisis" https://www.scmp.com/news/hong-kong/transport/article/3083196/coronavirus-cathay-pacific-eyes-structural-change-see-hong?utm_source=Twitter&utm_medium=share_widget&utm_campaign=3083196 via @scmpnews

Cathay Pacific eyes ‘structural change’ to see it through Covid-19 crisis

Routes and headcount face the chop during resizing of Hong Kong’s flag carrier, analysts predict.

https://www.scmp.com/news/hong-kong/transport/article/3083196/coronavirus-cathay-pacific-eyes-structural-change-see-hong?utm_source=Twitter&utm_medium=share_widget&utm_campaign=3083196

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