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Cathay Pacific secures £4bn government-backed bailout

Cathay Pacific secures £4bn government-backed bailout

9 June 2020 Airline News

This three-part plan, financed by the government of Hong Kong, is designed to provide Cathay with sufficient funds to withstand the industry-wide downturn, as well as a stable platform from which it will be able to conduct a wholesale review of operations.

Cathay Pacific snaps up Hong Kong Express

Cathay Pacific snaps up Hong Kong Express

29 March 2019 Airline News

The Hong Kong flag-carrier purchased the airline from China-based HNA Group as the latter continues to sell assets to battle a debt crisis. Cathay said it would continue to operate Hong Kong Express as a separate brand, based on a low-cost airline model.