Cathay Pacific announced plans Wednesday to cut its workforce by nearly a quarter and close one of its short-haul airlines in an effort to survive the "devastating" impacts of the coronavirus pandemic.
Hong Kong carrier Cathay Pacific warned staff on Monday that they could be fired for supporting ‘illegal protests’, as the firm comes under pressure from Beijing over pro-democracy demonstrations.
North Korea has conducted a flurry of missile tests this year in defiance of repeated international protests, including from aviation authorities.
A statement from Cathay Pacific said a flight crew had that day sighted "what is suspected to be the re-entry of the recent DPRK test missile".
Hong Kong's Kingboard Chemical Holdings said it had sold the stake to Qatar Airways for HK$5.16bn ($661mn), making the Middle Eastern carrier the third-largest shareholder in Cathay.