Rommel,you are correct when you say "I believe Cathay will go under eventually in time,..."
Tyler and Co are doing to Cathay Pacific what Abeles and Co did to Ansett over a decade ago. A very sad state of affairs to watch the demise of what were once two very outstanding Airlines.
I wouldn't bet on Cathay having no contract direct entry pilots in the near future. Singapore Airlines have always had them and are a very successful airline,although you operate on a less liberal "conract" than in Cathay.
Good luck fellas.