Oct 20, 2020. Niki was lost, but a similar DC-3 was purchased as a replacement. But analysts said the airline needs to do more to justify its premium air fare in the face of rising competition from low-cost carriers. No. Following the end of a “consent period” on November 4, Cathay Pacific said that 2,613 pilots and 7,346 cabin crew had signed on to the new and permanent “conditions of service,” representing 98.5% of pilots and 91.6% of cabin crew who were asked to agree. One month after Cathay Pacific's layoff announcement, and closure of Cathay Dragon, the airline said it is considering hiring pilots and cabin crew again in 2021. Hong Kong's national carrier is also axing one of their subsidiary airline brands AirAsia X restructures to avoid bankruptcy 08 Oct 2020 ‘Our focus is to ensure a successful restructuring to keep as many jobs as possible’, says CEO Cathay Pacific rejects additional wage relief support 17 Sep 2020. L’action Cathay Pacific a bondi de 4% mercredi à Hong Kong après la nouvelle. F acing the inevitable, Hong Kong’s Cathay Pacific Airways has finally executed the last thing every employee wants – retrenchment. Cathay union vows legal action against contracts, as Jardine Aviation announces lay-offsOn the lower end of workforce retrenchment globally, Singapore Airlines cut 20 per cent of staff in … Employees made redundant were reportedly given one-month notice. The first two aircraft were two World War II surplus Douglas DC-3s, named Betsy and Niki.Betsy (registration VR-HDB), the first aircraft for Cathay Pacific, is now a permanent exhibit in the Hong Kong Science Museum. Cathay Pacific (Hong Kong) Adrian Li, strategy director, Superunion. "It gives us a big productivity boost because we have more take-offs and landings with extra seats but the same number of aircraft, and the seat cost per mile will go down," new Cathay Pacific chief executive Rupert Hogg told South China Morning Post. Hong Kong-based analyst Will Horton of the CAPA Centre for Aviation noted that there are limited areas in which to cut costs. Last week, Cathay Pacific announced that it would be cutting 600 jobs in its head office as part of a transformation programme. I got their e-mail to go for their career talk & initial interview next Wed (25 Apr). This article is now fully available for you, Please verify your e-mail to read this subscriber-only article in full. Cathay Pacific, Hong Kong Cathay Pacific shuns some job subsidies, raising spectre of major cuts. We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. Aviation. Reply. You have reached your limit of subscriber-only articles this month. The Standard. Sept 11, 2020. And the move to pay top dollar in advance for fuel, hedging on the price to go up, has led to millions of dollars in losses, Captain Aimer told ST. "This adds huge costs to their passenger seat miles. Cathay Pacific, Hong Kong, Airline, Aviation, Travel, Unemployment, Retrenchment, Jobs. Cathay Pacific is currently recruiting cabin crew from Singapore to do Singapore-Hong Kong-Colombo flights only. We aim to give you the best experience possible – but also wish to respect your privacy. CNN International earlier reported that Hong Kong flag carrier Cathay Pacific asked its 27,000 workers to take three weeks off without pay to preserve cash and keep the airline afloat. Around 2,613 pilots and 7,364 cabin … 17th Apr 2007, 16:46 #2 malvin . Hong Kong has been through 12 months of chaos with anti-government protests and now the coronavirus outbreak. Thank you v much!!!!! Share gift link below with your friends and family. The need to restructure and to reduce headcount was also flagged earlier in the year. All full-service airlines have to find new ways to earn money, and Cathay could do so by selling its lounge access, exit row seats, extra luggage and a larger meal, he suggested. Last week, Cathay Pacific announced that it would be cutting 600 jobs in its head office as part of a transformation programme. All rights reserved. Majority of pilots and cabin crew of Cathay Pacific have opted to sign new contracts which is necessary for the airline to survive. Since its inception in 1946, the Cathay Pacific fleet has operated many types of aircraft. Until we resolve the issues, subscribers need not log in to access ST Digital articles. Close to 600 jobs, its biggest in 20 years, are to be cut thanks to a combination of complacency, arrogance and mismanagement. Cathay Pacific ‘to axe 6,000 staff and Dragon brand’ in bid to stay afloat, with most cuts aimed at Hong Kong workforce. SYDNEY: Hong Kong 's Cathay … Cathay Pacific annonce 5900 suppressions d'emploi et la fermeture d'une filiale. 11/9/2020 8:56:00 AM . Unionists want business-stressed Cathay Pacific to launch a voluntary departure scheme before turning to layoffs. Retrenchments in the second quarter more than doubled to 8,130 from the first quarter figure of 3,220, according to data released by the Ministry ... 7 months ago. However some of the group’s subsidiaries, such as HK Express, Air Hong Kong, Cargo Terminal, the Hong Kong Airport Service and Cathay Pacific Catering Services will be applying for the second round of coronavirus relief. Cathay Pacific Airways, 14 rue d’Orléans, 92200 Neuilly-sur-Seine, France - E-mail: customerservice_france@cathaypacific.com - Tel: 0805 542 941 Les passagers ont la possibilité de recourir au médiateur de la consommation : AME CONSO - Web: http://www.mediationconso-ame.com - Tel: 09 5301 0269 She declined to say what other measures will be rolled out to help the company save HK$4 billion over a three-year period. Captain Ross Aimer, chief executive of Aero Consulting Experts, said Cathay was under tremendous pressure from low-cost carriers, as well as Chinese airlines, which have been offering more direct flights between China and international destinations. (Photo: Cathay Pacific) In recent weeks, Cathay Pacific and regional subsidiary Cathay Dragon have made significant reductions to their respective intra-Asia passenger flight schedules, leading to a precipitous drop in bellyhold capacity. Hotels. Read 3 articles daily and stand to win ST rewards, including the ST News Tablet worth $398. That came after a hour-long meeting with the airline management yesterday. A version of this article appeared in the print edition of The Straits Times on June 01, 2017, with the headline 'Cathay needs to do more than just cut costs: Analysts'. From cutting jobs to squeezing extra seats into its planes, Hong Kong flagship carrier Cathay Pacific is trying out various ways to return to profitability in three years. But Cathay Pacific had nothing to say about staff arrangements, and the two sides meet again next week. "Fuel prices are standard while airport and overflight charges are generally standardised and often increasing," he told The Straits Times. Asia's biggest international airline will eliminate 600 jobs as part of the biggest revamp in two decades, following its first loss in eight years. All done! By registering, you agree to our T&C and Privacy Policy. Find out more about how we use your information in our Privacy Policy and Cookie Policy and change your choices at any time by visiting Your Privacy Controls. Select 'Manage settings' to manage your choices. This would mean 10 seats per row instead of nine currently and will allow Cathay Pacific to fly an extra 1.4 million passengers per year. Nearly every sector has suffered, but few have felt the turmoil as much as travel and leisure. Deteriorating business conditions have forced Cathay Pacific (CX) to reduce passenger capacity by 8 percent and overall cargo capacity by 11 percent … They can read the article in full after signing up for a free account. Industry observers noted that it was the biggest retrenchment exercise since the Asian financial crisis in 1997. Toggle share menu. The parent company’s decision to decline the government assistance opens the door for retrenchments as early as next month for both Cathay Pacific and Cathay Dragon. Get unlimited access to all stories at $0.99/month for the first 3 months. Cathay Pacific will meet with the Flight Attendants Union and the Labour Department on Wednesday morning, the union has said. Cathay Pacific shuns some job subsidies, raising spectre of major cuts. PHOTO: AFP The job cuts are the first announced by the airline since it cut 40 per cent of its global capacity as a result of lower demand due to the coronavirus and asked all 27,000 of its staff to take three weeks of unpaid leave. These are competitive contracts, which will enable us to continue to … The retrenchment exercise last Wednesday was made after the airline did a “recent review of its operational requirements”, according to the South China Morning Post. News Tablet worth $ 398 meet again next week for those seats because of competition ''... Get the latest breaking News delivered to you la compagnie a plongé 80... Plongé de 80 % sur un an au cours du premier semestre 2020 for inconvenience! 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