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Cathay Pacific's troubles did not stop with the suspension of several routes. Xiangjiang Airlines' 20% discount once again put Cathay Pacific at the forefront. Especially on the popular routes to Taipei and Tokyo, Cathay Pacific's occupancy dropped sharply.
For this reason, Cao Guangbiao had to discount these routes to cope with the competition from Xiangjiang Airlines.
The external situation has not calmed down yet, Cathay Pacific employees are in trouble again. The reason is that for the same position at Xiangjiang Airlines, the salary is 10% higher than that at Cathay Pacific. This makes these low-level employees dissatisfied. They ask Cathay Pacific executives to treat them
Get a raise or ask to resign.
Cao Guangbiao even regretted the acquisition of Cathay Pacific. After discussing with Fok Yingdong, Bao Yugang, Hu Yingxiang and others, he agreed to the employees' requests.
There is no reason for them to disagree. Xiangjiang Airlines is recruiting a large number of these people. These employees have no worries about being unemployed in the past. If they are not consistent with Xiangjiang Airlines in this regard, Cathay Pacific Airways may completely cease operations.
On the evening of September 24, in Fok Ying-tung’s mansion, Cathay Pacific shareholders discussed Cathay Pacific’s recent situation again.
After listening to Cao Guangbiao's recent report on Cathay Pacific, several shareholders felt the difficulty of operating Cathay Pacific. Especially the traveling citizens of Xiangjiang, who are more willing to take Xiangjiang Airlines flights when they are not too pressed for time.
Especially for flights to Taipei, due to the short distance, Xiangjiang Airlines directly opened two flights a day, seriously squeezing Cathay Pacific's market.
Bao Yugang said: "Guangbiao, what do the company's senior management think?"
Speaking of these senior executives, Cao Guangbiao was even more angry. No wonder these people didn't go to Xiangjiang Airlines. With the level of these people, it would be strange that Li Guangyu would ask them to become executives. He would come to solve everything by himself. If he didn't have anything in his hands right now,
People, a group of people have been laid off a long time ago.
Cao Guangbiao said: "These people have brought their problems to me, and they are just waiting for me to find a solution?"
Cathay Pacific is currently in a dead end. It cannot compete with Xiangjiang Airlines in the international market, and the government does not approve domestic routes, which gives them no advantage at all. Moreover, the company's operating costs are also quite high. If the attendance rate continues like this, they will
Cathay Pacific will be dragged to death by Xiangjiang Airlines.
Now these shareholders are in a difficult situation. I am afraid it will not be easy for them to sell their shares. After all, Xiangjiang Airlines is here. Anyone who takes over must consider whether they can withstand the pressure of the Li Group.
Huo Yingdong said: "Guang Biao, what are your plans? You also know that we have never operated an airline and we don't know much about it. What kind of help do you need from us?"
Cao Guangbiao said: "Our company is currently facing a shortage of crew members. We must solve this problem as soon as possible. At the same time, our routes must be restored as soon as possible, otherwise we are afraid that various regions will cancel our routes."
The flight attendants are easy to handle, but the pilots are more difficult for them. Xiangjiang Airlines has regional managers who specialize in recruiting talents in each region. Most of their connections are only in Xiangjiang, and they are not as big as the Li Group.
of power.
And these shareholders all turned their attention to Huo Yingdong this time. Only he could solve this problem. After all, he was the only one who had a particularly good relationship with his opponent.
Huo Yingdong said: "I will communicate with the other party to see if it can be done. Our company still needs its own personnel. Guangbiao still needs to work more in this regard. I believe that as long as the salary is not lower than that of Xiangjiang Airlines,
, they can invite people, and so can we."
Cao Guangbiao himself also understands that these things require the talents of his own company to feel more at ease. It is not as safe to rely on others as to rely on oneself.
Cao Guangbiao said: "I am still worried that Xiangjiang Airlines will hurt people with its capital. You also know the profitability of the Li Group. If they really plan to lose money for a year, our Cathay Pacific Airways will only go bankrupt step by step.
, and we don’t dare to enter into a price war with them.”
Although Xiangjiang Airlines still maintains a 20% discount these days and has not taken any further action due to Cathay Pacific's price reduction, they estimate that the fight against Cathay Pacific will not end so easily.
Dong Haoyun said: "Now we can only take one step at a time. We originally hoped to open up the mainland market, but unexpectedly the Xiangjiang government still disagreed with our approval. Instead, it was Xiangjiang Airlines. It is said that the Xiangjiang government has completely liberalized
Without the restrictions on their routes, as long as their airline is willing and the local government agrees to open the route, they can open this route at any time."
The directors who were doing this began to think that without the British consortium controlling Hong Kong's airlines, the Hong Kong government would not specifically restrict them. It's just that the ideal is beautiful, but the reality is very cruel. The Hong Kong government has not relaxed the restrictions on them at all.
None of the routes they applied for with Cathay Pacific were approved.
As for the reason, they are very clear. Before the Hong Kong issue is settled, they are afraid that they will continue to be restricted. With the development speed of Hong Kong Airlines, Cathay Pacific will not even be able to see its back.
Huo Yingdong knew that this was not the time to discourage everyone, otherwise it would be difficult to have similar cooperation in the future.
Fok Yingdong said: "Don't be discouraged. I believe that as long as the mainland takes back Hong Kong, the crisis of our Cathay Pacific will be over. The future development of our airline will definitely be very bright. Think about the huge market of the mainland, which is enough to support our airline."
The company has grown.”
Pao Yugang wants to pay less and less attention to Cathay Pacific's affairs. Cao Guangbiao and others can do whatever they like. As for Huo Ying's words, he remains doubtful about it. Apart from other things, whether Cathay Pacific can survive until that time
These are all problems. Should the major shareholders continue to put money into it during this period?
Anyway, he is not willing to continue to fill this bottomless pit. The competition between Cathay Pacific and Xiangjiang Airlines is at a disadvantage in all aspects, and Li Guangyu obviously wants to dominate the Xiangjiang aviation market and will never watch the rise of Cathay Pacific.
Bao Yugang said: "Guangbiao, I will leave it to you to handle Cathay Pacific Airways. You also know that I have to handle the affairs of Wharf and International Aerospace Corporation. I don't know anything about the airlines. After you decide in the future,
Just send me a document and I believe you can lead Cathay Pacific well."
After Bao Yugang finished speaking, Dong Haoyun also said that he did not understand airline affairs and that Cao Guangbiao would make the final decision and there was no need to consult him.
After these two big guys spoke, several medium-sized families who joined Bao Yugang and others also expressed the same view.
After Bao Yugang and others left, only Huo Yingdong, Hu Yingxiang and Cao Guangbiao were left in the living room.
Cao Guangbiao said disappointedly: "Yugang and Haoyun are disappointed with the airline. They probably think that our Cathay Pacific has no future."
Fok Yingdong was also silent for a while. Cathay Pacific has suffered a huge blow during this period, and they still have no power at the time of the acquisition.
Not to mention Pao Yukang and others, even he himself is not optimistic about the future of Cathay Pacific. Xiangjiang Airlines now has no restrictions at all. They will definitely increase the layout of routes in various places. Even if the Hong Kong issue is settled in the future, the Xiangjiang government will no longer restrict them.
, I’m afraid it will be too late by then.
Huo Yingdong said: "Guangbiao, no matter what Yugang and the others think, we still have to work hard to operate the airline. Now the market value of the airline is probably going to be halved. No one will want us if we take action. We might as well hold it in our hands."
, let’s see what happens next.”
…
Miaoshuwu
/txt/107247/
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