Hong Kong Airlines told to improve finances or risk losing licence
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(Reuters) - Hong Kong Airlines, controlled by cash-strapped Chinese conglomerate HNA Group, must shore up its financial position by Dec. 7 or risk the suspension or loss of its licence, a Hong Kong air transport regulator said on Monday.The Air Transport Licensing Authority (ATLA) said in a statement that it attached new conditions to the licence of the city's second-largest airline, requiring it to raise money and maintain certain cash levels. It said if the conditions are not met, a decision..