Illustration: Joe Lo
Illustration: Joe Lo

Cathay Pacific averts financial collapse with distress call to tap the HK$4 trillion war chest of Hong Kong’s financial tsar

  • The Hong Kong government wanted to dress up the bailout dubbed Project Apollo as a “short-term investment” amid political scrutiny
  • Bailout size grew during negotiations to restore confidence among creditors and investors in the airline's survival

Illustration: Joe Lo
Illustration: Joe Lo
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