Cathay Pacific Chairman

Cathay Pacific announced Wednesday its chairman John Slosar is stepping down to retire, the latest high-profile executive to leave the troubled airline after it drew Beijing's ire over pro-democracy protests in Hong Kong.

Cathay Pacific CEO and chairman said the crisis "was one of the most serious" in the embattled firm's history and would act differently in a similar situation in future.

Cathay Pacific announced Wednesday its chairman John Slosar is stepping down to retire, the latest high-profile executive to leave the troubled airline after it drew Beijing's ire over pro-democracy protests in Hong Kong.

Cathay Pacific CEO and chairman said the crisis "was one of the most serious" in the embattled firm's history and would act differently in a similar situation in future.