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Cathay Pacific to cut 8,500 jobs and drop Dragon brand

Hong Kong carrier to take $284m charge, but outlook still 'highly uncertain'

A Cathay Pacific Airways aircraft takes off at Hong Kong International Airport. The 8,500 positions that will be cut account for about 24% of the company's total work force.   © Reuters

HONG KONG -- Cathay Pacific Airways on Wednesday said it will slash 8,500 jobs as part of a major restructuring to deal with ongoing woes brought on by the coronavirus pandemic.

Hong Kong's flagship carrier will also eliminate Cathay Dragon as a separate unit for regional flights with immediate effect and divvy up its routes between its main Cathay Pacific brand and budget unit Hong Kong Express.

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