Hong Kong is setting up 130 pilots, triggering a nationwide panic | Business and Economic Affairs

Hong Kong, China – Hong Kong has forced 130 Cathay Pacific pilots to stay in solitary confinement for 21 days, fearing that the “zero COVID” standards for “zero COVID” could exacerbate the global economic crisis.

Hong Kong Chief Executive Carrie Lam made the announcement Tuesday after three pilots jumped off the COVID pilot system and found themselves hoping to re-enter the global economic arena.

All flight attendants staying at a hotel in Frankfurt, Germany, where the three pilots stayed for a long period of time were required to be in solitary confinement for 21 days, Lam said.

Authorities have sent 130 deputies and cabinet staff, along with cabinet workers, to state-owned residential areas in China’s autonomous region, which supplies more than 90 percent food.

“If there is one or two such cases, we could lose all our drivers,” Lam told reporters, acknowledging that the move could have a significant impact on the city’s supply chain.

The idea “seems to be extreme,” said Shukor Yusof, founder of Endau Analytics. “Apart from the challenges that pilots face, it could also bring more revenue to the aircraft, at a time when its economy is in crisis, and weakening Hong Kong’s base as an aircraft manufacturing facility.”

The move is the latest blow to Cathay Pacific, which has been linked to the epidemic as well as pro-democracy demonstrations and anti-government protests in 2019. Proud of Hong Kong, the company laid off about 6,000 workers and fired them. a regional airport in October last year. The airline said $ 7.6 billion from Hong Kong ($ 97.6m) was lost in the first half of the year.

To operate around the city’s COVID-19 restrictions, the airline plans to relocate its pilots to Dubai, Anchorage and Chicago, between other cities. It is also imperative that all pilots who arrive in Hong Kong stay in isolation for three days and avoid partying.

To coincide with China’s approach to the coronavirus, Hong Kong has established one of the world’s most strongest regimes, although it has not experienced any problems since the beginning of the year.

Lam’s administration has justified the policy, which has angered foreign businesses and expatriates, stressing the need to reopen the border with China.

In a bid to appease Beijing, Hong Kong last month evacuated large numbers of people and added anti-epidemic measures.

Officials have refused to allow time to reopen international borders, despite concerns from health experts and businesses that the city’s “zero COVID” status is unstable and destructive.

Trinh D Nguyen, an economist at Natixis, said the roadmap to Hong Kong and China came at a higher cost, especially as the world reopened slowly.

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Nguyen also warned that the consequences could extend beyond the city.

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Risk plans

But Tommy Wu, an economist at Oxford Economics in Hong Kong, predicted that the crisis would be minimal.

“About how the pilots work is not difficult, because it can invite other employees who are on unpaid leave if necessary,” Wu said.

“There are also emergency plans that pilots can make to temporarily relocate staff to Hong Kong to avoid permanent restrictions, although these plans come with additional funding for the pilot.”

Speaking on Tuesday, Lam also defended the decision to extradite Jamie Dimon, chairman and executive director of JPMorgan Chase, who arrived in the city on a private plane on Monday.

“Besides, it is a large bank, with important businesses in Hong Kong. “His travels have restrictions, so the risk is in his hands,” said Lam.

In August, Hollywood actress Nicole Kidman sparked an uproar after being allowed to violate privacy rules to broadcast the upcoming Expats drama in the city.