Cathay CEO resigns amid Hong Kong protest blowback as more rallies planned

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Cathay CEO resigns amid Hong Kong protest blowback as more rallies planned
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The boss of Hong Kong carrier Cathay Pacific Airways quit on Friday, the highest...

HONG KONG - The boss of Hong Kong carrier Cathay Pacific Airways quit on Friday, the highest-profile corporate casualty of unrest roiling the former British colony, after Beijing targeted the airline over staff involvement in mass protests.

A rally set for Sunday by the Civil Human Rights Front, which organized million-strong marches in June, has only been allowed permission for an assembly in Victoria Park on Hong Kong island, though not a march, due to safety concerns.Another march planned in Kowloon’s Hung Hom district on Saturday has also been banned.

China has likened the increasingly violent protests to terrorism and warned it could use force to quell them, as U.S. President Donald Trump urged Xi meet protesters to defuse the tension. China’s aviation regulator demanded any staff involved or supportive of the protests be removed from duty on flights to or over mainland airspace. Cathay shares hit a 10-year low.

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