Hong Kong Airlines Hit by Three High-Level Resignations

Dec. 20, 2018
The resignations come as HNA Group – the debt-ridden Chinese conglomerate which controls the carrier – seeks to offload, or cut, its stake in Hong Kong Airlines and Hong Kong Express.

Hong Kong Airlines has been rocked by the resignations of its co-chairman, vice-chairman and chief financial officer.

Tang King-shing, Hong Kong’s former police chief, resigned late last month as vice-chairman of the board at the carrier, citing personal reasons. Chief financial officer Jacky Lui Jiaqi and chairman Zhang Kui have also left, two sources said.

The resignations come as HNA Group – the debt-ridden Chinese conglomerate which controls the carrier – seeks to offload, or cut, its stake in Hong Kong Airlines and Hong Kong Express.

Read more: https://www.scmp.com/news/hong-kong/transport/article/2178572/hna-group-controlled-hong-kong-airlines-hit-three-high