Update
Most of what has been posted previously is still true, but;
In the last 2 months the Dir Flt Ops, Chief Pilot and President have all resigned. HKE and HKA continue to lose millions. Some have faith that billionaire Stanley Ho and other major shareholder Hainan Airlines will continue their support, others are worried that the plug could be pulled any minute.
Plans for A330s next year have been cancelled, instead rumour has it that HKE will start a B747 cargo operation soon (wet lease to start with), pending CAD approval.
Most pilots signed the new contract. Experienced Capts were the only real winners, others just signed to reduce their notice from 6 months to 3. HKE pilots now get overtime pay above 50 hrs but the annual free tickets to your home country have been removed.
Rostering is appalling. The roster is now published 2 weeks at a time due to so many changes. I had 31 changes in June from the original roster! We are also doing a lot more nightstops, (HK$290 per night allowance).
Command upgrades have been stopped "until further notice".
Hope this is helpful.