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Old 5th Jul 2001, 17:22
  #40 (permalink)  
Kaptin M
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If Turnbull and Tyler realise their "dream", Cathay shares will go from Blue stock investments to speculative gamble classification trash in the next 2-3 weeks, if this dispute festers and erupts, as it promises to do.

The chartering of outside aircraft and crews will rapidly deplete Cathay Pacific's "war chest", which should have been EXTRA DIVIDENDS for the investors who believed Cathay Management were in the airline business of making money, and not squandering it on egotistical squabbles with their uppermost professional group with whom they have - until recently - had an amicable working relationship that handsomely rewarded the shareholders and Company alike.

IF current Cathay management have determined (as it would appear) that Cathay Pacific is to become just another "K-Mart Asian airline", they (CX Management) would have been held to have been fairer to the shareholders by advising them in advance, rather than dropping a bombshell that will likely cost not insignificant losses at an inopportune time.