Instead of discussing fuel costs, cargo loads or routes, the mainland directors had a much more pedestrian concern - the type of shoes they were wearing.
Which is why they lose billions of RMB, even with government handouts
a British colonial icon considered as one of the best-run airlines in the world
Yeh well not too sure about that one
With Air China this week announcing it would lift its stake in Cathay to almost 30 per cent as part of an eventual plan to take control of the Hong Kong carrier, those differences are about to be writ large
Not under the current HKSAR rules they wont be, but hey, this is Asia, anything is possible ( tell me again how HKA/HKE get around the ownership rules ?? )
By contrast, Christopher Pratt and Philip Chen Nan-lok, the Cathay executives sitting on Air China's board, received no fee from the mainland carrier. At Cathay, Mr Pratt earned HK$3.46 million as chairman last year while chief executive Tony Tyler received HK$15 million.
Nobody can accuse CX of paying people what they are worth
Poor compensation at state-owned enterprises is not the only problem for mainland directors. Boards at state-run companies really only have one function - to say yes to the decisions passed down from the ultimate owner in Beijing.
Take note fordfalconette
Hong Kong Dragon Airlines, a subsidiary of Cathay, has a comprehensive network on the mainland but it is reportedly operating at a loss amid fierce competition from mainland carriers.
Utter and complete crap
Cathay Pilots have some real headaches in the future. Good luck
If our northern brothers take over CX/KA, and try to reduce T & Cs, they wont have enough pilots left to run it