This does not bode well...
Join Date: Sep 2017
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I used to ponder what would herald the end of Hong Kong. I now actually believe we have passed that point, it just hasn't sunk in yet. This party is over. Don't doubt it. We'll all look back at this summer and realise that the end descended suddenly, and for many of us it is now too late. Get yourselves and your families out of here. It's finished.
The moment the tracked vehicles cross into Hong Kong, then the SAR free trade zone is done.
Whilst not the "centre" it once was, it has clout and the potential is that things get messy and fast.
The ramifications for Winne are substantial and all of a sudden Taiwan is well aware what awaits.
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It’s quite possible that a second Cold War has already started between the West and China (joined by Russia, North Korea, and possibly other proxies). The economic war has been going on for decades, along with cyber warfare. The societal battle over human rights has just begun, and HK happens to be the centerpiece because of its proximity, history, and people. It’s only a matter of time before militaries become involved. That’s when it will become obvious that CX and HK are truly over and done. I agree that the prudent thing to do is leave, although I’m not following my own advice due to Golden (Silver?) Handcuffs. Probably best I start unshackling myself...
Join Date: Apr 2009
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Cxorcist, I suggest those Golden Handcuffs will soon be replaced by the real kind. Hong Kong is finished. I doubt there is any turning back from this. Even if the protestors now back down (highly unlikely, nor should they), the mainland authorities will begin to rule HK with a rod of iron. CX will become collateral damage in this epic test of wills. We have one of the most pathetic, pandering, mendacious and venal managements, so you can be sure that they will make things worse for every employee. There is no more career here. It is over. Accept that and get out while there is still an option for you and your families.
Several years ago - at the time that the UK gave Hong Kong to China - there was a massive flood of ex-Hong Kong residents to Vancouver, BC and the surrounding area. The huge difference in real estate prices between Hong Kong and BC meant that they could buy mansions with the cash they'd gotten selling their tiny apartment in HK. Caused huge resentment among the long term residents - particularly since the people moving in would by a nice house with a yard, bulldoze it, and built a huge yard-less "MacMansion" on the site. They passed several laws to try to limit the damage but for the most part they didn't work or were too late.
BC is still feeling the long term effects.
BC is still feeling the long term effects.
Join Date: Jun 2001
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typical airline management, beg the staff for help when the airline is in trouble, ****can the staff when the staff are in trouble...
Join Date: Mar 2000
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Cxorcist, I suggest those Golden Handcuffs will soon be replaced by the real kind. Hong Kong is finished. I doubt there is any turning back from this. Even if the protestors now back down (highly unlikely, nor should they), the mainland authorities will begin to rule HK with a rod of iron. CX will become collateral damage in this epic test of wills. We have one of the most pathetic, pandering, mendacious and venal managements, so you can be sure that they will make things worse for every employee. There is no more career here. It is over. Accept that and get out while there is still an option for you and your families.
(kidding aside, it IS over, and we all know it)
When comparing EK and CX as potential employers, EK had the disadvantage that it was located in an unstable region with the ever present danger of conflict, whereas CX had a stable and peaceful home base under the protection of China. If this goes on much longer, reverse rostering from home countries may need to be implemented for those with families. I know a CX skipper who moved his wife and children to Australia last year which he must rate as one of the best decisions he ever made.
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The other thing you gotta keep in mind is that while commies are evil, brutal, and power hungry they are not necessarily stupid. Bejing could well be exploiting these events as a sort of forced hostile takeover of the airline. Or what is left of it when the brew ha ha settles down.
Join Date: Sep 2007
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If it gets to around HK8 per share, there could be something in the above post .
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Swire and Air China currently hold 74.9 % of the shares. Qatar 9.64% and some other institutional shareholder 3 odd % (from memory). That leaves 12 % that are “liquid”.
I think you are wrong as only a pilot would buy high and sell low !
There was talk in a brokerage that some of the known brokers that handle CXs purchases for buy back were active yesterday.
A good opportunity for them I would guess
A good opportunity for them I would guess
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History serves up the best lessons. Mate of mine was ready to join Iranair in 1978. His Dad tried to put him off and himself, had lived and worked in Iran for 30 years. Mate listened to very high authority advice and stayed put in the UK. His Dad also stayed put, but , in Iran. Sooner than ever imaginable, he found himself in the back of a RAF Herc being evacuated out. Kissed goodbye to 30 years, a house on the shores of the Caspian, a three bed apartment in North Tehran , four cars and a bundle of loot still in the local bank. He was accommodated by my mate in the Uk but went through his stash in a Swiss Bank within the year. He died of a massive stroke weeks later.
Me & my friend looked hard at CX. The latter a CX failure after several attempts. It all looked too good for me and although selected, never took up the offer.
Mt friend was eased out of GF in 2009. Weeks later, civilians were being shot in a public square. Bahrain is still not the relaxed, open, friendly place that it was.My mate, actually considered retiring in Bahrain until we slapped him around, a bit.
Air Profit, drop the handcuffs quick. Look back at history. The present is about to change very rapidly.
Me & my friend looked hard at CX. The latter a CX failure after several attempts. It all looked too good for me and although selected, never took up the offer.
Mt friend was eased out of GF in 2009. Weeks later, civilians were being shot in a public square. Bahrain is still not the relaxed, open, friendly place that it was.My mate, actually considered retiring in Bahrain until we slapped him around, a bit.
Air Profit, drop the handcuffs quick. Look back at history. The present is about to change very rapidly.
Slowjet : couple of "ouches" - of course I don't consider myself a CX failure, rather, wrong colour and being born in India, 1978 DFO decided that I must be Indian. I had a lot of fun with that for decades. Second "ouch" was that my departure from GF was not "eased". More like a severe kick in the ollies. That being clarified, events in HK remind me of Iran, HK & the ME. Gypsey pilots go where the work is or where the grass looks greener. Most of us are aware of the pitfalls and have contingency planning. My heartfelt fear is for those in these areas who carry no contingency or reserve fuel. Big wake-up call coming.