in all probability we will be reading in the late Friday Flyer...
"despite negotiations progressing well, we are unfortunately unable to come to an agreement. We will keep you posted on further developments. Meantime the A787-350F delivery is going nicely and will bring welcome relief to the Airboeing rosters.....yada yada yada!!"
I haven't been here that long, but my guess is it will go something like this: " we regret to inform you that negotiations with the HKAOA did not result in an agreement as both sides were just too far apart. Fortunately, the company has decided to offer (what was offered) to the association directly to the pilots.