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    1. Airlines

    Exodus of Top Brass From Hong Kong Airlines Even Bigger Than First Thought

    Dec. 20, 2018
    At least six directors have resigned from Hong Kong Airlines since July, according to company records, along with its finance chief.

    Source South China Morning Post

    Von Paul Spijkers - http://www.airliners.net/photo/Hong-Kong-Airlines/Airbus-A330-243F/2068450/L/, GFDL, https://commons.wikimedia.org/w/index.php?curid=19112122
    Hong Kong Airlines Cargo Airbus A330 243 F Spijkers 5c1babd19989b

    The recent exodus of top brass from Hong Kong’s third-biggest airline is even bigger than first thought, after a string of boardroom departures which cost it both of its co-chairmen and several directors, it has emerged.

    At least six directors have resigned from Hong Kong Airlines since July, according to company records, along with its finance chief.

    The carrier is controlled by China’s HNA Group, whose financial problems have directly and indirectly affected its airlines. The conglomerate has been forced to seek buyers for all or part of its stakes in the carrier, and its sister airline Hong Kong Express, after a US$50 billion spending spree that racked up a lot of debt.

    Read more: https://www.scmp.com/news/hong-kong/transport/article/2178756/exodus-top-brass-hong-kong-airlines-even-bigger-first

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    Alejandro A. Alvarez/The Philadelphia Inquirer/TNS