Cathay Pacific Announces Hong Kong-backed Recapitalization Plan

Among the hard hit airlines during the COVID-19 pandemic, Cathay Pacific announced plans for a HKD $39 billion recapitalization plan backed by the Hong Kong government. The airline looks to the Hong Kong SAR government to help the airline navigate through the unprecedented crisis.

Image/Video Credits: Pixabay, Cathay Pacific, South China Morning Post, Wikimedia Commons

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