No, it is Carrie Lam!
30 billion

https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3088130/trading-cathay-pacific-hal

there you go( if scmp is to be believed)

Well, I did NOT see that coming...

Maybe the 2 advisors they put on the board can prevent the next fuel hedging or cargo fine debacle.
:}

That will finish off bases. Can’t use government money to keep people employed in other countries.

As long as bases are cheaper by way of whatever metrics they use, they will remain.

It’s a big, public loan that comes with board oversight. On its face, no big deal. What I’m wondering is how involved the Mainland ChiComs are in this move... They own 30% of CX and, well, 100% of Carrie Lam!

when all the based pilots still pay HKIRD Taxes?

What BS......you’d like that wouldn’t you!!

Bases are the cheapest Pilots in Cx bar none. A country mile cheaper....and they will take a 25% pay cut this year alone on top of their already 30% cheaper salaries....

Amazing how few can see this.

You seem to forget that CX also employs a number of ground staff in 'other countries'. According to your logic, CX would need to get rid of them too!

not cheaper than cos 18

Wrong....still cheaper than Cos18......

Top increment year 17 SCN pay in Aus is still around $500,000 HKD less than HKG SCN on Cos18..

Plus based Pilots get no expat allowances at all, zip nada zilch.

Their basic wage is still cheaper than HK at current exchange rates, by a country mile, then throw in the $360,000 yr housing cash and possible up to $180,000 yr education ( up to 3 kids ) and maybe ( if you’re lucky ) 13th month........

The fact that CL chose to save Cathay over HKA says a lot! Our pals over HKA must be bummed by this.

dunno
it appears HKA might have been saved on the QT already

time will tell

HKG Cn tops out at year 4. There is no
SCN decrement

The captain scales aren’t universally reflective of the comparison between bases and COS18. Look at the FO scales. Let’s face it, there are a lot more FO’s in the company than captains.

Using your Australian based scenario, an Aus based FO on the top increment is on about 10% more than his COS18 equivalent, including housing. When just basic wage is taken into account the Hkg FO is on 65% of the Aus equivalent.

swire is done with cx.... on its face, they are still the majority shareholder, but with 2 'party nominated secretaries' watching, if those 2 decided to provide "opinion" in board meetings, do you think the Swire management will dare to say no?

This will probably also mark the end to any kind of industrial action, regardless of group, the Government has specifically said they will 'speak out' when it involves 'public interest', so anything that would disrupt travel, that's it....

Hyg, a lot will have to happen for Swire to give up on Cathay.
It is more than just about money for the family.

didn't say they will give up... just saying they don't have the ultimate call on decisions like they used to anymore

Almost all based guys are eligible for Arapa B scale on return to HK, so the COS18 comparison is a bit flawed.