After navigating some pretty severe financial turbulence over the last few years, Hong Kong Airlines is back in clear air and poised for growth. Yesterday the airline announced it had secured the investments it needed to move on and implement its restructuring plan.
At a ceremony at the airline's Hong Kong Training Academy yesterday, Hong Kong Airlines (HKA) announced that its strategic investment fund had been secured. This means the financial restructuring can now take effect, with HKA saying that will expedite its business recovery and return the airline to a healthy growth trajectory.
Getting to this point of security seemed unlikely back in late 2019 when it looked possible that the Hong Kong Air Transport Licensing Authority would revoke HKA's operating license. HKA said that yesterday's announcement marked a significant milestone in its history and "reaffirms the company's commitment to contributing to Hong Kong's aviation industry and the city it has called home for over 16 years."
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