Airline Affairs

Cathay Pacific Concerned by Erosion of Confidence as 1997 Nears:

Mr Peter Sutch, Deputy Chairman and Managing Director of Cathay Pacific revealed at the Financial Times conference just prior to Asian Aerospace that the airline was concerned by ongoing press reports that Hong Kong was suffering a crisis of confidence as 1997 neared.

He suggested that constant press reports of Hong Kong residents fleeing the colony were only serving to fuel the flames of fear and create a crisis of confidence that would be difficult to counter. Already, HAECO, the maintenance arm of Cathay Pacific, has lost a reported 170 maintenance personnel, including around 100 to Qantas, despite things having settled down following a cessation of dissension from the mainland since last June’s Beijing massacre. Many observers in HK feel that the situation can’t politically get any worse in the PRC and that following the momentous events of recent months in Eastern Europe and Russia that the PRC will eventually have to mellow to the demands of its people at some time in the future.

This content is available exclusively to Australian Aviation members.

Login

Become a Member

To continue reading the rest of this article, please login.

Username or Email

Password Forgot password?

Keep me signed in on this device.

If you check this box before you log in, you won’t have to log back into the website next time you return, even if you close your browser and come back later.

If you check the box above before you log in, you won’t have to log back into the website next time you return, even if you close your browser and come back later.

---

or

---

Login with a Passkey

To unlock all Australian Aviation magazine content and again unlimited access to our daily news and features, become a member today!
A monthly membership is only $5.99 or save with our annual plans.

PRINT

$49.95 for 1 year Become a Member

See benefits

• Australian Aviation quarterly print & digital magazines
• Access to In Focus reports every month on our website

MOST POPULAR

PRINT + DIGITAL

$99.95 for 1 year Become a Member

$179.95 for 2 years Become a Member

See benefits

• Unlimited access to all Australian Aviation digital content
• Access to the Australian Aviation app
• Australian Aviation quarterly print & digital magazines
• Access to In Focus reports every month on our website
• Access to our Behind the Lens photo galleries and other exclusive content
• Daily news updates via our email bulletin

DIGITAL

$5.99 Monthly Become a Member

$59.95 Annual Become a Member

See benefits

• Unlimited access to all Australian Aviation digital content
• Access to the Australian Aviation app
• Australian Aviation quarterly print & digital magazines
• Access to In Focus reports every month on our website
• Access to our Behind the Lens photo galleries and other exclusive content
• Daily news updates via our email bulletin

View more offers and details