Cathay Pacific Airways, the flag carrier of Hong Kong, is set to shut down its pilot base in London. It was added that the airline will also be reviewing the remaining bases in the U.S. to decide if it will close them too or not.
Cathay Pacific Airways announced on Thursday, Sept. 9, that it made the decision as it struggles to keep up with the business after suffering from the adverse effects of the COVID-19 pandemic. Moreover, according to Reuters, the closure of its London pilot base comes after the company completed its review on this particular base in July.
Prior to this latest shut down, the airline already closed its bases in Canada, New Zealand, Germany, and Australia this year and it was estimated that 280 crew lost their jobs. It was said that the move was done so it can focus on its operations in Hong Kong. Pilots in HK agreed to permanent pay cuts just so they can retain their jobs.
As for London, most of the Cathay Pacific pilots there have not been working since April of last year as the travel business went downhill. Due to the pandemic, people have been staying at home so there were few to no bookings at all. Now, to provide assistance to the pilots in London, the airline offered them the opportunity to move to Hong Kong but it is not clear if they have accepted this.
Finally, Cathay Pacific Airways reiterated that the decision to close its London pilot base has nothing to do with the pilots’ professionalism. It was stressed that this is all due to the company’s financial situation. It was not mentioned though as to how many pilots will be affected by the closure but it was said that there are about 100 cockpit crew members there.
“Cathay Pacific has informed the concerned pilots of its decision to close the pilot base in London after an intensive consultation period,” South China Morning Post quoted Cathay Pacific’s spokesperson as saying. “The decision is not one we have taken lightly and does not reflect on the professionalism of the pilots based in London.”


FedEx Pilots and Union Reach Tentative Agreement on 40% Pay Increase
China Vanke Seeks Bond Extension Amid Mounting Debt Crisis
Kia Cuts EV Sales Target for 2030 Amid Slowing Demand and U.S. Policy Shifts
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization
Oil Prices Rebound as Hormuz Disruptions and Middle East Tensions Rattle Markets
Trump Slams Iran Over Strait of Hormuz Oil Restrictions Amid Fragile Ceasefire
U.S. Markets Post Strong Weekly Gains Despite Middle East Tensions and Rising Energy Prices
Bank of America Maintains Forecast for Two Fed Rate Cuts in 2026 Despite Inflation Risks
Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs
Chinese Cars in Europe: Consumer Trust Is Shifting Fast
Chinese Brands Are Taking Over Brazil — And It's Just Getting Started
Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles
Middle East Conflict Threatens Global Economic Stability, World Bank Warns
Bank of Japan Governor Signals Accommodative Stance Amid Negative Real Rates
China's Inflation Data Misses Forecasts as Consumer Prices Slow in March
Asia FX Weekly Gains Hold Amid U.S. Inflation Data and Iran Ceasefire Uncertainty 



