Troubled Hong Kong Airlines gets lifeline again from authorities for more time to present fifth finance plan, as it vows to keep flights going over Easter

The government has thrown Hong Kong Airlines another lifeline with more time to come up with a coherent restructuring plan, as the indebted carrier pledged to keep flights running during the busy Easter period amid mounting concerns over its finances.Hong Kong’s third largest airline made the reassurance, despite repeatedly failing to pay banks, aircraft-leasing companies and suppliers on time, while authorities questioned its turnaround plan drawn for the fourth time since December.With…

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