A look at the week in the Asia-Pacific
By Jordan Chong
On Wednesday, Cathay Dragon was added to the list of COVID-19 casualties with the announcement the carrier would be closed with immediate effect. Known as Dragonair until a rebranding in January 2016, Cathay Dragon joins the region’s AirAsia Japan and NokScoot as victims of a traffic collapse brought on by border closures and quarantine rules introduced worldwide to contain the COVID-19 pandemic.
Cathay Pacific Group’s decision to shut down Cathay Dragon will lead to thousands of job losses. The company said it is offering generous severance packages to those losing their livelihoods, but there will be pain ahead for everyone impacted by the regional airline’s immediate closure.
Overnight, the Hong Kong Aircrew Officer’s Association, which represents approximately 2,200 Cathay Pacific Group pilots, announced it was advising members against signing the new reduced salary packages after consulting with its lawyers. Read More »