Hong Kong air transport regulator refrains from suspending Hong Kong Airlines' license
A Hong Kong air transport controller said on Saturday that it has ruled against suspending Hong Kong Aircrafts' permit, the city's second biggest carrier.
The carrier said on Wednesday it had drafted an "underlying money infusion plan" that would enable it to make past due compensation installments on Thursday. It didn't give subtleties of the wellspring of the financing.
Air Transport Permitting Authority (ATLA) said in an announcement on Saturday that the money infusion plans demonstrated good, adding that it will keep on intently screen the company's activities.
"ATLA has given cautious thought to factors including open interests and the approach bearing of keeping up Hong Kong as a universal avionics center point," said a representative at the power.
The transporter, part-possessed with destitute Chinese combination HNA Gathering, was advised on Monday that it expected to support its monetary situation by Dec. 7 or hazard the suspension or loss of its permit.