Low-cost carrier Hong Kong Airlines was allowed to continue flying after the city's authorities decided Saturday, December 7, not to punish it for delaying salary payments and ongoing financial problems.
CONTINUE. Hongkong Airlines is expected to continue its operations. Photo from Airbus website
The international finance hub has seen 6 months of protests which has dealt a massive blow to the tourism sector and airline operators. The city's Air Transport Licensing Authority said on the same day that the airline has met the conditions for raising and maintaining its cash level.In late November, the carrier said its business was"severely affected" by the social unrest in the city and a sustained weak travel demand, which also impacted its payroll.
Hong Kong Airlines is owned by struggling Chinese conglomerate HNA Group, which has been looking to lower its debt burden. Earlier this year, it unloaded another budget carrier – HK Express – to rival Cathay Pacific and it also cut some operations.
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