Cathay Pacific’s Chairman Resigns as China Pressures Hong Kong Business

Cathay Pacific’s Chairman Resigns as China Pressures Hong Kong Business

HONG KONG — The chairman of Cathay Pacific Airways resigned on Wednesday, the second top executive of the embattled Hong Kong carrier to step down as protests have roiled the city.

In a filing Wednesday afternoon with Hong Kong’s stock exchange, the airline said that John Slosar will resign as chairman and as an executive director as of Friday. He will be replaced by Patrick Healy, a 53-year-old longtime executive at John Swire & Sons (H.K.) Limited, the holding company that controls the airline.

Mr. Slosar’s resignation “is due to his retirement,” the company said in its filing. Cathay officials were not immediately available for comment.

His resignation follows the departure last month of Rupert Hogg as the airline’s chief executive.

The Chinese government has put increasing pressure on Cathay Pacific, which is perhaps Hong Kong’s most well-known business internationally but draws a significant amount of revenue from the mainland. Last month, Chinese regulators demanded that Cathay workers who participated in the demonstrations be barred from flying to mainland China.

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