Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Cathay Pacific suspends second pilot, citing misuse of company information

Published 08/13/2019, 04:47 AM
Updated 08/13/2019, 04:47 AM
© Reuters. FILE PHOTO: Plane flies behind a new Cathay Pacific Airways Airbus A350 after being received by the airline at Hong Kong

BEIJING/HONG KONG (Reuters) - Hong Kong flag carrier Cathay Pacific Airways (HK:0293) said it had suspended with immediate effect on Tuesday a second officer operating flight CX216 for misuse of company information, and had also commenced internal disciplinary proceedings.

The flight was on Monday, it said in an emailed statement to Reuters.

The airline did not provide further details, but the Global Times, published by the Communist Party's official People's Daily, reported earlier on Tuesday that an anonymous message was posted online encouraging protesters to keep protesting at the Hong Kong airport and was accompanied by a picture of a cockpit.

The picture, which was also carried by other Chinese media, showed a cockpit screen that belonged to flight CX216, which was flying out of Manchester to Hong Kong.

Cathay got caught in the tussle between Beijing and pro-democracy groups in the Asian financial hub on Friday after China's civil aviation regulator demanded the airline suspend personnel who engaged in or supported illegal protests in Hong Kong from staffing flights into its airspace.

The airline over the weekend moved to comply with the demand from the Civil Aviation Administration of China (CAAC), suspending a pilot arrested during anti-government protests in Hong Kong and firing two airport employees citing misconduct.

Shares in Cathay fell to a 10-year-low on Monday and tumbled lower still on Tuesday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.