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Cathay to park a/c long term

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.

Cathay to park a/c long term

Old 14th Sep 2020, 05:38
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Join Date: Feb 2015
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Cathay to park a/c long term

https://www.scmp.com/news/hong-kong/...it-grounds-two

As one reader posted , collapse HK’s economy for 100 deaths , HK is handling the Covid crisis well but at what cost to the general population and economy
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Old 14th Sep 2020, 07:27
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Standard cry wolf, scaremongering, sky falling reporting as we move closer to open season on 1 October.
Danny boy collecting some good overtime and commission this month. Yawn
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Old 14th Sep 2020, 07:45
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Is there anything official on this or is it another one from his Ďsourceí?
He is talking as if itís from the company but I canít find jack.
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Old 14th Sep 2020, 08:03
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60 parking slots in Alice Springs booked with 27 already taken. Another 24 booked in Arizona. You do the maths.
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Old 14th Sep 2020, 10:13
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Inside sources again ? Wrong as usual. In fact the sunnier climes of Central Spain are more likely for some of our aircraft.

And the Swedish model is looking pretty damn good at the moment.
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Old 14th Sep 2020, 10:52
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Originally Posted by Globocnik View Post
Inside sources again ? Wrong as usual. In fact the sunnier climes of Central Spain are more likely for some of our aircraft.

And the Swedish model is looking pretty damn good at the moment.
Don't know about Spain. But Tarbes in France is going to be used for some of the Airbus fleet from CX and KA as they have the approvals apparently. Anyway who cares where they get parked/abandoned the fact the fleets are shrinking is what is concerning.

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Old 14th Sep 2020, 10:52
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Originally Posted by Globocnik View Post
Inside sources again ? Wrong as usual. In fact the sunnier climes of Central Spain are more likely for some of our aircraft.

And the Swedish model is looking pretty damn good at the moment.

Spanish parking resorts FULL.
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Old 14th Sep 2020, 11:46
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Originally Posted by Jetdream View Post
Is there anything official on this or is it another one from his Ďsourceí?
He is talking as if itís from the company but I canít find jack.
See p.4 of the following release, published on the HKEX website:
https://www1.hkexnews.hk/listedco/li...0091400293.pdf

Also on the CX website:
https://www.cathaypacific.com/conten...n_locrechk.pdf
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Old 14th Sep 2020, 12:16
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Originally Posted by unitedabx View Post
Spanish parking resorts FULL.
No theyíre not.
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Old 14th Sep 2020, 13:25
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The need to restructure the CX group is not only as a result of the havoc the china plague has caused, but started a couple of years ago.
Umbrella movement, Trade War, Riots and the latest Security law - broke the camel's back.

The sooner everyone wakes up to the fact that Hong Kong is now just another mainland city, and CX just another mainland airline (competing with big players and LCC alike), the better.

The muppets up north has successfully managed to kill off tourism to HK, expats in the banking and retail sectors are shipping out in droves, the local rich are emigrating.

When the aviation sector recovers, demand will be for direct flights from China to wherever, no need to transit HK, unless airfares are rock bottom, which brings us back to LCCs again.

Therefore the need for "deep cuts" and restructuring.

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Old 14th Sep 2020, 13:32
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Originally Posted by Curry Lamb View Post
The need to restructure the CX group is not only as a result of the havoc the china plague has caused, but started a couple of years ago.
Umbrella movement, Trade War, Riots and the latest Security law - broke the camel's back.

The sooner everyone wakes up to the fact that Hong Kong is now just another mainland city, and CX just another mainland airline (competing with big players and LCC alike), the better.

The muppets up north has successfully managed to kill off tourism to HK, expats in the banking and retail sectors are shipping out in droves, the local rich are emigrating.

When the aviation sector recovers, demand will be for direct flights from China to wherever, no need to transit HK, unless airfares are rock bottom, which brings us back to LCCs again.

Therefore the need for "deep cuts" and restructuring.

Don"t forget the own goal by Merlin with the fuel hedging.
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Old 14th Sep 2020, 14:15
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Curry and united, Though your analysis are correct to some extent, none of the events you mentioned are World changers.
COVID-19 has, and we have to live with this FACT, changed our world for a very long time to come.
What CX will do next is a response to this pandemic, full stop.
Some of us will loose our jobs as a result, some of us may not get another job again.
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Old 14th Sep 2020, 15:21
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Originally Posted by Angel 8 View Post
COVID-19 has, and we have to live with this FACT, changed our world for a very long time to come.
Totally disagree my angel. The "clever people" predict 2-4 years until pre-virus travel is back to 100% capacity, and with a vaccine, even earlier.

What has changed forever and getting worse by the day, is Beijings hard handed tactics in HK, with total disregard for any International Laws and Human Rights.

Western countries are warning their citizens to think twice before living in, travelling to OR transitting HK, as it's apparently a major crime now if you've so much as "liked" a post by Joshua, or agreed with Fanny when she called a CCP cadre an A*hole
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Old 14th Sep 2020, 16:03
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Originally Posted by Curry Lamb View Post
Totally disagree my angel. The "clever people" predict 2-4 years until pre-virus travel is back to 100% capacity, and with a vaccine, even earlier.
But donít you think, my delicious Curry, that business people have already found ways to do their bit without travelling, and also to old folk like me, 2-4 years is a very long time, as who would employ me when Iím 61?
We also have to look at the past to predict the future: Political differences never affect travel, neither does short term unrest, otherwise why would anyone want to have holidays in Brazil, Israel, Egypt, etc...
Travel, would go back to some normality, but certainly not to (100%) Donít misunderstand my message, as I really hope Iím wrong.
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Old 14th Sep 2020, 16:19
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Many Northern hemisphere punters transit HK as a hub for Aussie and NZ (and vice versa); CX offered a wide range of destinations at both ends of the world. As Aussie and NZ are going to have their borders closed for the foreseeable future those saying things will be back to normal in 2 - 4 years will be eating their words. Nobody is really going to want to fly half way round the world and then have to be in quarantine (in the NZ context at NZ$3000 for the privilege) before having the holiday or family visit.

There have already been mutations of the virus and people who have been infected a second time; the long term consequences affecting health are starting to emerge too. Sadly this has screwed everything we knew before 2020
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Old 14th Sep 2020, 18:05
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What exactly is the plan for HK (and everybody else in Asia for that matter?) Just hunker down until it disappears?

Clearly, we can't keep doing this forever. Whilst a vaccine looks odds on to be found by someone, it'll take a long, long time to roll it out globally.

Surely there has to be some joined up thinking and dare I say it, some pragmatism like we're seeing in Europe (although it certainly isn't universal). There is limited evidence that quarantining people, or banning people altogether, has an effect on infections when the virus is already ingrained in the population.
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Old 14th Sep 2020, 20:00
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Cx and KA are the safest places to be as a pilot. Full pay. Everyone else is shedding, hk just stagnant.
Be grateful for your isolation.
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Old 15th Sep 2020, 11:05
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Originally Posted by Curry Lamb View Post
What has changed forever and getting worse by the day, is Beijings hard handed tactics in HK, with total disregard for any International Laws and Human Rights.
Out of curiosity captain, which international laws?
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Old 16th Sep 2020, 06:31
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Originally Posted by AndyBrown350 View Post
Out of curiosity captain, which international laws?
A treaty is an agreement between sovereign States (countries) and in some cases international organisations, which is binding at international law.

Assume the Sino British Joint Declaration is being referred to as it is a Treaty lodged with the UN
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Old 16th Sep 2020, 06:40
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Originally Posted by JMock View Post
A treaty is an agreement between sovereign States (countries) and in some cases international organisations, which is binding at international law.

Assume the Sino British Joint Declaration is being referred to as it is a Treaty lodged with the UN
Thank you for the respectful answer to my question, quite strange nowadays on PPRuNe...
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