betaboy
I’ve said this multiple times, and I’ll say it again:
CXi’s problems started way before covid. There’s this thing called competition, and with GB Airlines making it’s entrance this year (or magically when the borders open), the monopoly that CXi was hoping HK Express would have had, will evaporate.
And then there’s a plethora of other LCCs and legacy carriers who will be back too, utilising the 3rd runway, which, btw, wasn’t built for CXi.
The HK Govts (tax payers) loan to CX, which was made very clear to be a once off only, was granted before the introduction of the national security law, and the company has since fallen foul with the CCP.
So mix politics with competition, a massive loan that carries interest and companies + individuals leaving the “SAR” in droves, on one way tickets, and you’ll find that the picture doesn’t seem so rosy any longer.
Time will tell, but one thing that is for certain: CXit will never ever be what it was before. Lost opportunities, billions squandered away by so called “top management” - a bunch of amateurs with one mission only: plunder and move on!