Cathay Pacific’s New CEO Inherits Long To-Do List for Carrier’s Revival

(Bloomberg) — The new chief executive of Cathay Pacific Airways Ltd. faces many challenges when he starts on Jan. 1, from reviving the carrier’s international network after the Covid crisis to appeasing unhappy pilots.

Cathay said Wednesday that Ronald Lam, 50, will replace Augustus Tang as CEO, confirming an earlier Bloomberg News report. The Cambridge University graduate takes over with Hong Kong’s main airline still in a tight spot after Covid travel restrictions left it operating at bare-bones capacity for much of the pandemic.