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Old 11th Aug 2020, 15:22
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Cpt. Underpants
 
Join Date: May 2002
Location: up here, everyone looks like ants!
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Green...Cathay is on the cusp of furloughing hundreds of current aircrew, possibly as many as 1000. Cathay management has shredded all existing industrial agreements, a very bad sign, and bases (domiciled aircrew) are already on severely reduced salaries, with doubts that bases will continue to remain a part of the organization. There’s a current “VR” (voluntary retirement) thread with discussions on the merits/demerits of the offer and who’s likely to take it. Cathay Dragon is at a virtual standstill and Hong Kong Express is as well. Hong Kong Airlines has hundreds of idle crew (I’m unsure if they’ve actually laid off or not) and have had serious financial *problems” for years. There are hundreds of aircraft parked, mothballed, at Chek Lap Kok. New security legislation has spooked many multinationals into relocating their staff and adverse international reporting on the laws recently enacted has all but killed tourism. Mandatory, enforced isolation is required for all arrivals and will remain until Covid-19 has run it’s course. Forecasts are that aviation worldwide won’t return to pre 2020 levels for 4 years, possibly longer. Executive aviation in Hong Kong is on life support.

if you relocated to Hong Kong you will absolutely, positively, be unemployed as a pilot for years, possibly forever.

Last edited by Cpt. Underpants; 11th Aug 2020 at 15:48.
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