Hong Kong’s Flag Carrier Cathay Hits Turbulence

Startup appears likely to take over local destinations

By: Tim Hamlett

These are fasten-your-seatbelt times for Cathay Pacific, long regarded as Hong Kong’s flagship of the skies, although its majority owners are in London.

The airline is not exactly loved. Its ruthless personnel policies take care of that: swathes of employees are jettisoned in any sort of financial turbulence. More recently the airline’s wi…