Cathay Pacific Airways is closing down its pilot base in Canada and also mulling on shutting the bases in New Zealand and Australia as well. Apparently, with this move, many employees are at risk of losing their jobs.
Cathay Pacific’s review of its pilot bases
As per the South China Morning Post, this decision is part of Cathay Pacific Airways’ review of its cockpit crew operations overseas. Based on the memo that the airline sent to its staff on Thursday, April 22, the company will also re-assess its American and European pilot bases before this year ends.
It was added that the flag carrier of Hong Kong will also begin the transfer of some pilots to Hong Kong and emphasized that this is voluntary. This means that Cathay Pacific will not be moving select pilots to its home base according to its decision, but rather, they can be transferred only if they want to.
But then again, it was said that the transfer may be difficult and could be blocked by the Hong Kong authorities since they are foreign pilots. This is because there are lots of unemployed local crew, and yet, Cathay Pacific will get the services of foreigners instead.
Why pilot bases are being shut
Many of the airlines’ pilots are on furlough, especially in Europe and the U.S., and they have been getting just half of their salary while pilots in Canada are receiving higher amounts which are two-third of their regular salary.
However, it was revealed that since April 1st, the Australian crews had not received anything at all. It was reported that it appears Cathay Pacific passenger plane pilots operating outside of Hong Kong had been let up since May 2020.
The situation may have led to the decision to just close down its overseas pilot bases. The pandemic severely affected the travel industry, so the business has been slow since last year, which was the main reason why many crews are being laid off or asked to leave temporarily.
At any rate, while Cathay Pacific Airways is closing its Canadian pilot base and possibly, the Australian and New Zealand bases would follow, Reuters reported that there is no firm decision yet as to the fate of pilots in the U.S. and Europe.


Panama Investigates CK Hutchison’s Port Unit After Court Voids Canal Contracts
Dominican Republic Unveils Massive Rare Earth Deposits to Boost High-Tech and Energy Sectors
Oil Prices Surge 13% as U.S.-Israel Strikes on Iran Spark Supply Fears
Gold Prices Rally in February as Geopolitical Risks and Economic Uncertainty Boost Safe-Haven Demand
Meta Signs Multi-Billion Dollar AI Chip Deal With Google to Power Next-Gen AI Models
Australian Dollar Rallies on Hawkish RBA Outlook; Yen Slips as BOJ Faces Political Pressure
Trump Warns Iran as Gulf Conflict Disrupts Oil Markets and Global Trade
Japan Manufacturing PMI Jumps to Four-Year High as Global Demand Strengthens
Trump Media Weighs Truth Social Spin-Off Amid $6B Fusion Energy Pivot
Boeing Secures $166.8 Million U.S. Navy Contract for P-8A Engineering and Software Support
Paramount Skydance to Acquire Warner Bros Discovery in $110 Billion Media Mega-Deal
Australian Job Advertisements Hit 16-Month High as Labour Market Stays Resilient
Greg Abel’s First Berkshire Hathaway Shareholder Letter Signals Continuity, Caution, and Capital Discipline
Global Markets React as Dollar Surges, Swiss Franc Rallies After U.S.-Israel Strike on Iran
Australia Targets AI Platforms With Strict Age Verification Rules
Lynas Rare Earths Shares Surge 7% After Malaysia Renews Processing Plant Licence for 10 Years
Venezuela Oil Exports to Reach $2 Billion Under U.S.-Led Supply Agreement 



