Cathay Pacific Airways Offers Older Pilots Voluntary Retirement
August 1, 2020
10:35 am
Cathay Pacific Airways Ltd said it will offer an early voluntary retirement scheme to its Hong Kong-based pilots, who are approaching retirement age.
It said this is in a continued effort to cut costs amid the coronavirus pandemic.
The airline said in an email to Reuters on Saturday it is looking at different ways to reduce costs in the medium term, given reduced passenger demand with no immediate signs of improvement.
The retirement plan was first reported in local media.
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Cathay has already taken short-term measures including executive pay …
