Hong Kong government to lead $5 billion rescue package for Cathay Pacific

June 9, 2020 admin Business News Comments Off on Hong Kong government to lead $5 billion rescue package for Cathay Pacific

Cathay Pacific Airways Ltd revealed on Tuesday the Hong Kong government will lead a recapitalisation plan worth HK$39 billion ($5 billion) to help it through the coronavirus pandemic, the latest public rescue for a troubled airline.

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Source:: Reuters – Business News