Asian airlines battle to survive
Cathay Pacific imposes a hiring freeze, while the outlook for Indian and Chinese airlines continues to darken.
Cathay Pacific Airways announced Friday that it is suspending all recruitment activities, its first official move to cut costs in the intensifying credit crunch.
In a notice to employees, Cathay Pacific stated ôWe will begin by suspending all recruitment at both Cathay Pacific and Dragonair. Controlling our headcount will play an important role in helping us keep our costs under control.ö
The Hong Kong-based airline has continued hiring throughout this year, while airlines in North America and Europe have frozen...
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