Hong Kong Airlines deplores liquidation rumours

Hong Kong Airlines has deplored as “untrue and groundless speculation” recent news reports that it may be close to ceasing operations and seeking liquidation. “The company has been and is continuing to operate as normal. We remain committed to offering our best service to customers who have chosen to support and fly with us,” the airline said in a Saturday statement. “We reserve the right to take legal action against those who deliberately create these rumours.” Recent news reports say that travel insurer Blue Cross Asia-Pacific Insurance has stopped offering coverage against the possibility of Hong Kong Airlines collapsing in its policies due to “news of Hong Kong Airlines published by media recently”. Last month, the carrier also put out a statement reassuring passengers that the resignations of co-chairman Zhang Kui and vice-chairman Tang King Shing had not affected its operations. It added that it had an extraordinary 2018 carrying more than 7.64m passengers and that it was projected to exceed its revenue target. It would not however confirm reports that its CFO Jacky Lui has also left the airline. <br/>