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Hong Kong Airlines says it has drawn up plans for cash infusion in fight to keep licence

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Hong Kong Airlines said on Wednesday it had drafted an "initial cash injection plan" that would allow it to make overdue salary payments on Thursday as the carrier battles to keep flying. Hong Kong's Air Transport Licensing Authority (ATLA) said on Monday that it had attached new conditions to the airline's licence, requiring it to raise money and maintain cash levels whose details were not disclosed. ATLA said if the conditions were not met, a decision on whether to suspend… (www.yahoo.com) More...

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