ATLA follows up on financial situation of Hong Kong Airlines Limited

The following is issued on behalf of the Air Transport Licensing Authority:
     The Air Transport Licensing Authority (ATLA) has earlier on requested the Hong Kong Airlines Limited (HKA) to explain in writing their financial situation in accordance with the Air Transport (Licensing of Air Services) Regulations (Cap. 448 Subsidiary Legislation A) (the Regulations).
     ATLA received the reply from HKA regarding their financial situation, and reviewed the relevant information at the meeting today (January 14).  ATLA requested HKA to provide further clarifications and to provide supplementary information.  ATLA will continue to assess the financial situation of HKA in accordance with the Regulations, and will keep in view the development and take follow-up action(s) as necessary.

Ends/Monday, January 14, 2019
Issued at HKT 21:15