Cathay’s restructuring package marks the first time the Hong Kong government has directly injected money into a private company. Photo: Felix WongCathay’s restructuring package marks the first time the Hong Kong government has directly injected money into a private company. Photo: Felix Wong
Cathay’s restructuring package marks the first time the Hong Kong government has directly injected money into a private company. Photo: Felix Wong

Goal of massive Cathay bailout is to protect Hong Kong’s role as global aviation hub and ensure city’s economic future, finance chief says

  • Hong Kong officials view Cathay’s possible collapse as a fundamental threat to the city’s aviation sector
  • Government will provide a lifeline of HK$27.3 billion, representing 1.5 times the company’s market capitalisation, as part of a HK$39 billion rescue
Topic |   Cathay Pacific
Cathay’s restructuring package marks the first time the Hong Kong government has directly injected money into a private company. Photo: Felix WongCathay’s restructuring package marks the first time the Hong Kong government has directly injected money into a private company. Photo: Felix Wong
Cathay’s restructuring package marks the first time the Hong Kong government has directly injected money into a private company. Photo: Felix Wong
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