Cathay fails to block payout to '49ers'
Yvonne Tsui
Dec 16, 2009
Cathay Pacific (SEHK: 0293) has failed to stop a judgment ordering it to pay more than HK$61 million to eighteen of the "49ers" - the pilots sacked en masse during an industrial dispute in 2001 - despite the airline having an appeal under way......
......Yesterday Mr Justice Anselmo Reyes, of the Court of First Instance, declined a request from the airline for a stay of execution of the judgment he gave on November 11.
Launching the application on behalf of the airline, barrister Robin McLeish indicated to the court that the airline had filed an appeal against Reyes' judgment. Refusing the request, Reyes said: "I don't see that there is very strong ground for success. There is absolutely no reason for me to grant a stay."
Another huge slap in the face for the CX big swinging dicks. When will these guys learn? Perhaps they will now have their final comeuppance with the Swire manouevers and sideways "promotions" (if they don't go to jail first)?
Much respect for Mr Justice Anselmo Reyes...he is one tough cookie and is nobody's fool.