Hong Kong/Singapore — Cathay Pacific Airways CEO Rupert Hogg resigned in a shock move on Friday, amid mounting Chinese regulatory scrutiny of the Hong Kong carrier over the involvement of its employees in the city’s anti-government protests.
The airline also said Paul Loo had resigned as chief customer and commercial officer, to be replaced by the head of its low-cost arm Hong Kong Express, Ronald Lam. Cathay whose strong British links make it a symbol of Hong Kong’s colonial past, has emerged as the highest-profile corporate target as Beijing looks to quell protests in the territory that have gone on for 10 straight weeks.
“Cathay’s change in management could be a positive in the short term as it provides the company with a ‘clean slate’ so to speak,” BOCOM International analyst Luya You said. “In the meantime, the focus for Cathay right now is still damage control for its branding. Its reputation among mainland passengers continues to falter, which could lead to more long-lasting damage that is harder and takes longer to rebound from.
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