A cargo aircraft operated by Cathay Pacific Airways takes off from Hong Kong International Airport on June 9. Cathay Pacific became the latest global carrier to seek a lifeline in the aftermath of Covid-19 travel restrictions, outlining a plan to raise HK$39 billion ($5 billion) from the Hong Kong government and shareholders after months of warnings about the frailty of its business. Photo: Bloomberg
Opinion
Opinion
Silence over Cathay Pacific bailout shows lawmakers are complicit in their own demise
- Lawmakers made thousands of Ocean Park employees sweat for months over a smaller bailout that was only voted through at the last minute
- Urgent and important matters deemed too sensitive for the legislature raise questions over whether we need lawmakers at all
A cargo aircraft operated by Cathay Pacific Airways takes off from Hong Kong International Airport on June 9. Cathay Pacific became the latest global carrier to seek a lifeline in the aftermath of Covid-19 travel restrictions, outlining a plan to raise HK$39 billion ($5 billion) from the Hong Kong government and shareholders after months of warnings about the frailty of its business. Photo: Bloomberg