Hong Kong Airlines suffers from wave of resignations

Hong Kong Airlines has continued its ongoing tumultuous wave of resignations, ranging from the CFO and 6 directors who have left the airline since July. In response to the recent incidents, the airline reiterated that “Hong Kong Airlines is operated by an independent Hong Kong based management. The recent change to Hong Kong Airlines board of directors does not impact our business and operations. We have recruited leaders to join our management team.” Hong Kong’s Air Transport Licensing Authority said it has been following up on the financial situation of Hong Kong Airlines and its request to explain the situation. Under govt regulations, Hong Kong Airlines is required to submit annual audited financial statement for review by ATLA. <br/>