Posted inHong Kong

Cathay Pacific unveils US$5 bn bailout plan

Cathay Pacific announced a HK$39 billion (US$5 billion) government-led bailout plan on Tuesday as it battles a crippling downturn caused by the coronavirus. Like many airlines hammered by the crisis, the Hong Kong carrier has seen passenger numbers all but evaporate in recent months leaving most of its fleet sitting on the tarmac and the […]

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