Cathay Pacific at near 2-mth low on report HK wants flight crew quarantine

Great Wall Pan Asia Holdings

22/01/2021 06:36

** Shares of Cathay Pacific Airways Ltd  0293.HK  fall 3.4%
to HK$6.91, their lowest since Nov. 24 
    ** Stock on course for the worst session since Nov. 23
    ** Hong Kong is set to require flight crew entering the
Asian financial hub for more than two hours to quarantine in a
hotel for two weeks, the South China Morning Post reported on
Thursday, citing sources  urn:newsml:reuters.com:*:nL4N2JW35J
    ** Local staff at Cathay Pacific Airways are likely to be
hit hardest by the new rule, SCMP said. Cathay Pacific declined
to comment
    ** Many foreign airlines are already double-crewing their
flights into Hong Kong or stopping in cities like Bangkok or
Tokyo to allow for quick turnarounds to avoid testing and
quarantine requirements
    ** Hong Kong stocks of Chinese airlines also slip with Air
China  0753.HK  falling 5.6%, China Eastern Airlines  0670.HK 
declining 4.6%, and China Southern Airlines  1055.HK  sliding
4.3% 
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
eases 0.5%, the benchmark index  .HSI  falls 1.4%

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)