Overhaul, not just cash can lift airline, says crew unionLocal | 3 Dec 2019 1:13 pm
An executive member of the Hong Kong Cabin Crew Federation said today that financially-troubled Hong Kong Airlines needs a head-to-toe makeover to survive, even if it overcomes the immediate financial crisis it is facing, RTHK reports.
Carol Ng made the remarks a day after the Transport Licensing Authority asked the HNA Group airline to boost its finances by Saturday, or face a review that could possibly include the revoking of its licence.
The parent, HNA Group, announced overnight that it has secured a four billion yuan loan, but Ng said it is not clear how much of the money will be pumped into the airline and when.
She believes the airline will face some strong headwinds for a while.
"The entire market situation is [on] a downturn. And just overcoming this period of time, it may not be good enough for long-term survival," she said. "Unless the company is really restructuring from top-to-toe, not just routings but the company's management structure, headcounts... everything."
Ng said the government should have a better view of how to protect staff and passengers and said this may involve increasing the level of cash flow the airline needs to maintain.
Just monitoring the situation and then asking the airline to bring in emergency cash does not help, she said. "It is not helpful."
She told RTHK's Janice Wong that the government should take a very pro-active stance.