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
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
Topic |
Cathay Pacific
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