Dec 4 (Reuters) - Hong Kong Airways stated on Wednesday it had drafted an "preliminary money inject
Dec 4 (Reuters) – Hong Kong Airways stated on Wednesday it had drafted an “preliminary money injection plan” that may enable it to make overdue wage funds on Thursday because the provider battles to maintain flying.
Hong Kong’s Air Transport Licensing Authority (ATLA) stated on Monday that it had hooked up new circumstances to the airline’s licence, requiring it to boost cash and keep money ranges whose particulars weren’t disclosed.
ATLA stated if the circumstances weren’t met, a choice on whether or not to droop or revoke the licence of airline, partly owned by cash-strapped Chinese language conglomerate HNA Group HNAIRC.UL, could be introduced by Dec. 7.
“Following pressing consultations, an preliminary money injection plan has been drawn up,” Hong Kong Airways stated in a press release on Wednesday. “Excellent wage to workers will probably be paid on 5 December 2019 and our providers will regularly resume to regular as quickly because the funds arrive.”
An airline spokesman didn’t reply instantly to a request for touch upon the…