Cathay Pacific chairman John Slosar to step down in November
Yet another scalp has been taken in Hong Kong: following last month’s resignation of Cathay Pacific chief ...
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By Alex Lennane
It all seems to be pretty messy at the moment, in Hong Kong’s aviation sector. The latest news is that Cathay Pacific is holding off on its first $153m payment for Hong Kong Express, over concerns about the ownership of three 747 freighters. Cathay had, reportedly, told the carrier to get rid of the freighters which were bought under “legally dubious circumstances”, reported CH Aviation. While Hong Kong Express owns them, one is operated by Turkey’s AirACT on behalf of Saudia Cargo, and another is operated by Suparna. Ultimate owner HNA Group had asked Avolon, in which it has a stake, to buy the aircraft – but the lessor refused. Messy indeed.
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