News about Cathay Pacific Airways
"If you want to liberalize the system, you have to empower your staff to take risks."
The state-owned Middle East carrier is now Cathay's third-largest shareholder.
Pilots, cabin crew and other frontline staff will be spared from the cull.
Cathay Dragon, formerly known as Dragonair, is looking for an upgrade.
An OPEC deal has put the squeeze on airlines' already slim profit margins.