Originally Posted by
Dragon Pacific
We’ll see the new contract in the next couple of weeks with the choice of sign and stay, or take three months notice and go. Everyone on CoS 20/21. Expat housing phased out over two years for those already on approved leases or mortgage; they can’t afford to have too many STCs disappear immediately. That will give them the numbers to work with for the restructuring to be announced Q4.
All bases closed and they can chose whether to come to HK on CoS 20/21 or not.
It is all going to look very different by Christmas and unrecognizable by CNY.
My guess is they’ll only close pax bases, Anchorage will be kept, it is currently far busier than HK.
Another guess is that they’ll merge the seniority of all four of the Group airlines which will give more flexibility in the coming bloodbath/restructuring.