Cathay Pacific planes are grounded at Hong Kong airport on June 9. The Hong Kong government has offered a bailout package worth US$5 billion in loans and equity to stabilise the struggling airline. Photo: Sam Tsang
Cathay Pacific planes are grounded at Hong Kong airport on June 9. The Hong Kong government has offered a bailout package worth US$5 billion in loans and equity to stabilise the struggling airline. Photo: Sam Tsang
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Letters | Why the Cathay Pacific bailout is a raw deal for Hong Kong

  • The bailout reduces the incentive for the company to adapt to the post-coronavirus environment

Letters
Letters

Updated: 6:50am, 18 Jun, 2020

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Cathay Pacific planes are grounded at Hong Kong airport on June 9. The Hong Kong government has offered a bailout package worth US$5 billion in loans and equity to stabilise the struggling airline. Photo: Sam Tsang
Cathay Pacific planes are grounded at Hong Kong airport on June 9. The Hong Kong government has offered a bailout package worth US$5 billion in loans and equity to stabilise the struggling airline. Photo: Sam Tsang
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