Originally Posted by
Cury Lamb
This entire debate is based on the
assumption that CXi is going to survive and thrive - which I very much doubt.
Sone possible scenarios are:
- CXi goes t.ts up (no more Govt money, sorry);
- Gets absorbed by another airline (locals only);
- Goes all out LCC (certainly heading that way).
One fact is clear: with a 5 BILLION USD loan to repay at 9% interest in 3 years from now, the company will not get into the black for a very very long time to come.
To me that means no future bonus, no pay rises (ever), but instead more and more erosion of current conditions, history just repeating itself.
Time to log off, clock off, and f… off
Aircrew pay is a fraction of the total operating cost. Can’t run an airline without pilots, yet..
need that hardship money to attract expats, lots of it.
same with other industries in Hong Kong.
ofcourse predicated of if it survives.