Airport impounds cash-strapped airline’s seven plane

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Money-strapped service Hong Kong Airways has had seven idle planes impounded on the metropolis’s airport after it didn’t make funds, authorities stated Tuesday, with the agency hit by a plunge in vacationer numbers attributable to long-running protests.

The Airport Authority introduced the seized planes below an ordinance that addresses overdue fees.

“The Airport Authority understands that the detained plane haven’t been operated for passenger service in latest months,” a spokesman stated.

The rule permits the town’s air regulators to impound planes for non-payment of fees and that plane may be bought after 60 days if the account will not be settled.

Hong Kong Airways, which has a fleet of 39 planes, stated the impounded plane weren’t at the moment working passenger routes.

“Our operation stays regular,” the service stated in a press release.

The seizures will deepen considerations over the well being of Hong Kong Airways. The agency is owned by struggling Chinese language conglomerate HNA Group, which has been trying to decrease its debt burden.

The airline has been hammered by a pointy drop-off in vacationers to Hong Kong as the town convulses from six months of violent pro-democracy protests.

Earlier this month, regulators threatened to droop its licence except it discovered new money revenues after the corporate introduced it was delaying some wage funds to employees.

The service discovered a last-minute injection of funds, incomes a reprieve.

Customer arrivals have tanked in the course of the protests with passengers from the Chinese language mainland plummeting, hammering retail gross sales and serving to tip the town into recession.

Hong Kong airline Cathay Pacific on Tuesday introduced it carried just below 2,624,000 passengers final month — a drop of 9 p.c on November final 12 months.

Cathay Pacific was criticised by Chinese language state media and authorities earlier this 12 months as a result of a few of its 27,000 staff took half in — or have been sympathetic to — anti-government demonstrations in Hong Kong.

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