Cathay to buy back 10% of company stock
Yeah, ... I can see that happening! 
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This one's easy....:
Don't take the SLS and use the money to buy CX stocks instead!
I'd bet a few dollars that this will be more rewarding than any 'compensation' the company 'may' be willing to give later, once they've made a fortune trading their own stock...
Don't take the SLS and use the money to buy CX stocks instead!
I'd bet a few dollars that this will be more rewarding than any 'compensation' the company 'may' be willing to give later, once they've made a fortune trading their own stock...
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I think you will find that this is just a poorly reported, or translation of, a general mandate to issue or repurchase shares. Any actual transaction must be reported to HKEx, for example, this one:
http://www.hkexnews.hk/listedco/list...0080310187.pdf
This is the last transaction I can find for CX, and what a shrewd purchase it was.
These general mandates are extremely common in Hong Kong, although it is usually the issuance of shares with no pre-emptive rights for share holders that is the issue for those concerned with corporate governance. (David Webb and Project Vampire).
Make your own mind up, but I think this is nothing more than a red herring.
http://www.hkexnews.hk/listedco/list...0080310187.pdf
This is the last transaction I can find for CX, and what a shrewd purchase it was.
These general mandates are extremely common in Hong Kong, although it is usually the issuance of shares with no pre-emptive rights for share holders that is the issue for those concerned with corporate governance. (David Webb and Project Vampire).
Make your own mind up, but I think this is nothing more than a red herring.
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It seems they have to aprove the stock repurchase before they can actually do it. Which, if they're considering spending $3.2 billion HKD, it makes you wonder why the big push for SLS/COS 08.
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If you want to give up your salary to help CX pay to buy back their shares...sign onto SLS and COS08. I don't know about you, but I can hardly wait to help TT and NR trade in the company shares to help inflate their next bonuses. 
If I can't eat or pay my bills...at least I have the satisfaction of knowing that the senior management are doing well.
If I can't eat or pay my bills...at least I have the satisfaction of knowing that the senior management are doing well.
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AP,
don't know the answer to your question - maybe I'll ask my wife.
(to clarify N1 Vibes was born Wilts, UK, near those really old stones, with blue eyes and pasty european skin - but he doesn't go round trumpeting the fact to try and look superior to people of other countries and cultures - do the words xenophobic, un-cultured, moron ring a bell to you at all?)
400 Jockstrp,
it's all about the money to you baby! To me it's all about having a life...
Regards,
N1 Vibes
don't know the answer to your question - maybe I'll ask my wife.
(to clarify N1 Vibes was born Wilts, UK, near those really old stones, with blue eyes and pasty european skin - but he doesn't go round trumpeting the fact to try and look superior to people of other countries and cultures - do the words xenophobic, un-cultured, moron ring a bell to you at all?)
400 Jockstrp,
it's all about the money to you baby! To me it's all about having a life...
Regards,
N1 Vibes
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N1 ...'all about having a life'....? Yes, i'm sure that's what the slaves said as they were building the pyramids. One of the most unexpected revelations working for CX was finding that the long held belief that the Brits and Aussies were supposedly made of strong moral-fibre and character was actually a crock. A more spineless bunch couldn't be found. Other than the Canadians and a few other select individuals, this company's pilots are without doubt the weakest d*cks I have ever come across (apologies to anyone in those two groups of spineless weak d*ck nationalities who buck the trend!). N1, you of course represent exactly what i'm talking about. Keep cutting the granite buddy....that pyramid still needs a few more blocks. (but hey, you have a life!). 
ps. Churchill is turning in his grave seeing what has become of the British race. It's a good thing you don't go 'trumpeting' anything about your land of 'old rocks' as it really doesn't have much to trumpet anymore.
ps. Churchill is turning in his grave seeing what has become of the British race. It's a good thing you don't go 'trumpeting' anything about your land of 'old rocks' as it really doesn't have much to trumpet anymore.
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ROTFLMAO at Front-end CEOS
Over a dozen aircraft going to Victorville...
I wonder how brave all the front-end CEO bus drivers will be when the redundancy letters start hitting the doormats of the houses in Headland Drive.
TT does not strike me as the type that pays for surplus to requirement drivers to sit on their arse at various gweilobars bitching about all that the world owes them.
I don't think anyone buys the notion that professional pilots they are a cut above the rest and don't have to conform to the ways of the little people.
It is a great time to be jobhunting...
I wonder how brave all the front-end CEO bus drivers will be when the redundancy letters start hitting the doormats of the houses in Headland Drive.
TT does not strike me as the type that pays for surplus to requirement drivers to sit on their arse at various gweilobars bitching about all that the world owes them.
I don't think anyone buys the notion that professional pilots they are a cut above the rest and don't have to conform to the ways of the little people.
It is a great time to be jobhunting...
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Over a dozen aircraft going to Victorville...
I say we let them award all contractual leave, then we can talk SLS.
They are fighting fires just trying to crew what they got now.
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One of the most unexpected revelations working for CX was finding that the long held belief that the Brits and Aussies were supposedly made of strong moral-fibre and character was actually a crock. A more spineless bunch couldn't be found.
. Sadly that was exactly my observation as well.
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Why do I feel like I just loaned a guy a tenner to feed his family only to find him at the local track letting it all ride on the 200:1 nag? 
Had they come to us with a share buy back deal rather than a cash loan that they dont have to be paid back, at least the workers would have shared in the spoils. When will I cease to be surprised by these guys?
It makes a mockery of their sob story that they are cash strapped.
Had they come to us with a share buy back deal rather than a cash loan that they dont have to be paid back, at least the workers would have shared in the spoils. When will I cease to be surprised by these guys?
It makes a mockery of their sob story that they are cash strapped.
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Why do I feel like I just loaned a guy a tenner to feed his family only to find him at the local track letting it all ride on the 200:1 nag?
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Maybe its better for an institutional investor to buy the shares and then have one more member on the board ruminating over COS?Its a good move to buy back your own shares as it gives you greater control!
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How TO Sit On A Pineapple
N1 Vibes
No wonder the Pilot Body continues to get by Management with blokes like you ready to roll over all the time
If you believe you will ever get anything back when loads pick up god help you all
I don't think you are a clown. I know plenty of other blokes who think you're a clown but I don't think you're a clown
Italian Cheeze
No wonder the Pilot Body continues to get
by Management with blokes like you ready to roll over all the timeIf you believe you will ever get anything back when loads pick up god help you all
I don't think you are a clown. I know plenty of other blokes who think you're a clown but I don't think you're a clown
Italian Cheeze
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Italiancheeze,
many thanks for not considering me a clown. Should you know some history of Cathay Pacific, you will find that they end up getting what they want in the end. Anybody that comes to work at CX believing that they can change the attitude of CX tend to spend their life in here - i.e. not actually changing anything.
Of course for you to learn a bit more about CX's relationship with the pilot community you could ask somebody to 'list down' all the major efforts (and the results) of the pilot community in recent years and see if they have got Cathay dancing to their beat. I also am naive of the negotiating work that the pilot community performs, as we see so little of it in public....
And of course there isn't a queue of pilots/union officials etc at the CEO's door or sitting in on his presentations making the suggestions that you find here to try and change his mind. On the whole Cathay is what Cathay is, you either accept that when you come here or you don't.
Air Profit,
sorry to have neglected your ego by not responding - you are obviously still living in the 1940's with Sir Winston or is it Tutankhamun. What you will doubtless know is that the 'british' were constructing at Stonehenge a few millennia before the Egyptians - and I don't think there was any slavery involved.
The reason I mention this is because the Egyptians and possibly the early Bitons actually constructed their symbolic statements because they wanted to - the 'slaves' in Egypt and Wiltshire, weren't actually slaves - read a book you might learn something new.
What you have actually illustrated quite well is the fact that those 'slaves' (who of course weren't slaves) worked in a large team to achieve something which they all wanted (it wasn't imposed on them - they accepted what was offered).
Those people who work at Cathay to have a job and see the airline grow (which in general means a perpetuation of ones job) are pretty much following the same ideal.
I suspect those people in Egypt who objected to their conditions, wanted more money or wanted their name carved on the top of the pyramid - generally ended up 'accidentally' falling under one of the slabs of granite - as the pyramid construction moved on.
I'm quite happy to keep pushing my piece of granite - you on the other hand had perhaps better watch you don't trip and end up underneath...
Regards,
N1 Vibes
many thanks for not considering me a clown. Should you know some history of Cathay Pacific, you will find that they end up getting what they want in the end. Anybody that comes to work at CX believing that they can change the attitude of CX tend to spend their life in here - i.e. not actually changing anything.
Of course for you to learn a bit more about CX's relationship with the pilot community you could ask somebody to 'list down' all the major efforts (and the results) of the pilot community in recent years and see if they have got Cathay dancing to their beat. I also am naive of the negotiating work that the pilot community performs, as we see so little of it in public....
And of course there isn't a queue of pilots/union officials etc at the CEO's door or sitting in on his presentations making the suggestions that you find here to try and change his mind. On the whole Cathay is what Cathay is, you either accept that when you come here or you don't.
Air Profit,
sorry to have neglected your ego by not responding - you are obviously still living in the 1940's with Sir Winston or is it Tutankhamun. What you will doubtless know is that the 'british' were constructing at Stonehenge a few millennia before the Egyptians - and I don't think there was any slavery involved.
The reason I mention this is because the Egyptians and possibly the early Bitons actually constructed their symbolic statements because they wanted to - the 'slaves' in Egypt and Wiltshire, weren't actually slaves - read a book you might learn something new.
What you have actually illustrated quite well is the fact that those 'slaves' (who of course weren't slaves) worked in a large team to achieve something which they all wanted (it wasn't imposed on them - they accepted what was offered).
Those people who work at Cathay to have a job and see the airline grow (which in general means a perpetuation of ones job) are pretty much following the same ideal.
I suspect those people in Egypt who objected to their conditions, wanted more money or wanted their name carved on the top of the pyramid - generally ended up 'accidentally' falling under one of the slabs of granite - as the pyramid construction moved on.
I'm quite happy to keep pushing my piece of granite - you on the other hand had perhaps better watch you don't trip and end up underneath...
Regards,
N1 Vibes
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"Fragrant Harbour A forum for the large number of pilots (expats and locals) based with the various airlines in Hong Kong. Air Traffic Controllers are also warmly welcomed into the forum."Wasn't sure if you had read the header "N1 Vibs" , so thought I would cut and paste the Forum title for you.
I am sure there is a Forum for Engineers somewhere on the internet that would welcome you and am equally sure there wont be many Pilots there butting into a forum not actually meant for them.
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CXpletive,
this has been pointed out to me several times before - you could complain to the moderator or come and torment me outside Fragrant Harbour in the Tech Log or Engineers and Technicians (actually part of Pprune).
As for the forum threads on PPRune - Fragrant Harbour - when they specifically deal with the 'business' of Cathay Pacific and not the 'business of flying' in HKG, don't you believe that any member of the Cathay Pacific community has an opinion?
Could you point out exactly when the last thread posted on Fragrant Harbour specifically dealt with the business of flying, which one would not expect an engineer to partake in...only pilots?
Oh, and of course - can prove here - in this public forum - that you are a pilot - without revealing your identity?
Regards,
N1 Vibes
this has been pointed out to me several times before - you could complain to the moderator or come and torment me outside Fragrant Harbour in the Tech Log or Engineers and Technicians (actually part of Pprune).
As for the forum threads on PPRune - Fragrant Harbour - when they specifically deal with the 'business' of Cathay Pacific and not the 'business of flying' in HKG, don't you believe that any member of the Cathay Pacific community has an opinion?
Could you point out exactly when the last thread posted on Fragrant Harbour specifically dealt with the business of flying, which one would not expect an engineer to partake in...only pilots?
Oh, and of course - can prove here - in this public forum - that you are a pilot - without revealing your identity?
Regards,
N1 Vibes
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I wonder how brave all the front-end CEO bus drivers will be when the redundancy letters start hitting the doormats of the houses in Headland Drive.
12 months is the absolute maximum CX thinks this crisis will last, thus the recruitment team worked on 12 months.
Guess what
it is cheaper to keep pilots employed, end of story, that is why we all still have jobs, not because of the absolute bull5hit story of keeping the team together, it is just cheaper. 