This week it is the IFE content costs money and the service providers responsible for managing the selection, encoding and delivery of videos to the planes are not fans of getting shorted. Qatar Airways holds 9.99%.

“Nothing is off the table.”The company may access equity and debt capital markets again to strengthen its balance sheet if conditions are right. Read more: IFE out as Hong Kong Airlines continues its finances collapse. The company was stuck holding the bill for such services as some of its other airline customers collapsed. The industry group expects airlines to burn through about $60 billion of cash in the second quarter alone.The pandemic hit Cathay particularly hard because — like Singapore Airlines — it has no domestic market to fall back on, whereas carriers in China are rebuilding capacity on flights within the mainland. Governments have devoted more than $85 billion to propping up the industry, including the major U.S. carriers and Germany’s Deutsche Lufthansa AG, which secured about $10 billion in state support. It also proposed a rights issue, reported earlier Tuesday by Bloomberg News, to raise about HK$11.7 billion. Air China owns about 30% of Cathay, while Swire Pacific has a 45% stake. Your support will define our work and ThePrint’s future.Cathay posted an unaudited loss of more than HK$2 billion in February alone, and since then it has been losing HK$2.5 billion to HK$3 billion a month.“Tough decisions will need to be made in the fourth quarter of this year to get Cathay Pacific to the right size and shape in which to compete successfully,” Healy said. Global Eagle is one of the larger players in that market and since 2015 has performed those services for Hong Kong Airlines. Consider Seth Miller has over a decade of experience covering the airline industry. Our stellar coronavirus coverage is a good example. It sold Hong Kong Express Airways to The company has sizable investment positions in more than ten mainland China airlines as well as others around the globe. But given HNA’s overall cashflow challenges it seems an unlikely outcome. Because the advertising market is broken too.If you think we deserve your support, do join us in this endeavour to strengthen fair, free, courageous, and questioning journalism, please click on the link below. Outside mainland Chinese airlines, Cathay Pacific is the most vulnerable from the coronavirus. Now, on a purchasing power parity basis, China has overtaken the US and it has done so without adopting the preferred US-centric model for emerging markets.Indeed, many now think that it is precisely because it didn’t adopt the US model of open capital markets, floating exchange rates, extractive and plantation crop exports combined with basic food imports as well as low wage, low cost, manufacturing exports and higher-margin Western imports funded by dollar loans, that it has succeeded.Now that it is extending its infrastructure network throughout central Asia and into Europe while also leading the world in many aspects of the fourth industrial revolution, it is becoming an existential threat to the current world order.Hence the new cold war is not just about containing China’s growth, it is about retaining the ability of the US to set the rules.Against this background, it is hardly surprising that the Chinese are convinced that the escalation in violence in Hong Kong last November was encouraged by the US, especially as it coincided with a US Freedom and Democracy for Hong Kong Bill that justifies yet more sanctions against China.To be clear, it doesn’t matter if the US, or for that matter anyone else, is entirely innocent, the Chinese believe they are interfering in Chinese national security via Hong Kong and the It may yet result in the totalitarian crackdown that the armchair geopolitical experts are constantly predicting but we sincerely hope that they are wrong (again) and that we are not.Markets then are thinking the same, that the best thing to do is wait and see, to plan for the best but prepare for the worst.Thus they focus on what China will do next to help Hong Kong rather than crush it and in this they are, ironically, being helped by the US cold warriors.Threats by the US to de-list or otherwise control US-listed ADR stocks like Alibaba and Trip.com are accelerating the move for these Chinese-owned entities to list in Hong Kong instead.

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