After Cathay Pacific's CEO steps down, the chairman resigns01:10:00 AM, Thursday 5th of September 2019 | in business
The 63-year old chairman of Cathay Pacific airlines Pvt Ltd, John Slosar resigns after the CEO steps down. This was done in the events following the anti-Beijing protests in Hong Kong. 7 other employees resigned. 31year old Patrick Healy to be the new chairman. All this occurred when Chinese authorities threatened to ban flights in order to fulfill their demands. This change will badly affect revenue.