Cathay Pacific CEO resigns amid Hong Kong protests. He was most likely forced out as a sacrifical lamb for angered Chinese officials.
Two stories about Hong Kong this morning captured my attention. First, one of the largest airports in the world was shut down due to a massive peaceful protest. Maybe even more surprisingly, China pressured Cathay Pacific, Hong Kong’s flagship airline, to feed information to the Chinese about employees protesting, as well as barring them from flights to or above China.
Airlines worldwide were directed by China to comply with their demands to show places like Taiwan as part of China. After some initial noise by the airlines and the US government, US-based airlines appear to be complying.
After having their website shut down by the Chinese government, Marriott is removing banned books from their hotels and self-reporting to the Chinese government. They’re also publicly broadcasting personnel they’ve fired over incidents involving these perceived disrespectful actions.
Marriott disrespected China and paid the price. Boy, did they disrespect China. I mean, horribly so. You won’t believe how bad their behavior was. Mostly because this is a ridiculous story.
I’ll admit, I somehow missed that Airbus and Bombardier talked about a tie-up on the C Series a couple years ago. That would have made yesterday’s announcement a bit less surprising to me. I can’t tell if Boeing saw this coming. And, I can’t really say what’s going to happen next.