This follows a severe downturn in business for these airlines, some of which are planning voluntary redundancy programmes or retrenchments of their surplus staff, while others may shut down.that among those affected included 200 Malaysian pilots with Hong Kong Airlines and Etihad Airlines.
“Among them are rising operating costs, dried-up financing, weak travel demand, declining revenue, civil unrest and even the inability of the airlines to conform to international aviation regulations,” said one official, who spoke on condition of anonymity. A week ago, low-cost carrier Norwegian Air Shuttle and Air India were reportedly facing serious financial woes.
It will, however, continue to fly to the United States from Oslo, while its routes to Europe are unaffected. Malaysia Airlines, too, is facing a daunting task to remain afloat and had in recent years retrenched flight crew operating the Boeing 777 fleet, which has since been put out of service. The capital injection is learnt to come just in time for Hong Kong Airlines to pay nearly half of its 3,500 staff’s outstanding salaries by today or face having its operating licence suspended or revoked.
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