The Hong Kong Government will take a 6% stake in Cathay Pacific; equipping the airline with a combined total of approximately HK$31 billion ($4 billion) in shares and a loan. The move comes as part of the flag carrier’s HK$39 billion ($5.03 billion) recapitalisation process. In a proposal submitted to the Hong Kong Stock Exchange, the airline detailed plans to re-evaluate “all aspects of the Cathay Pacific Group’s business model”. As part of the recapitalisation process, the respective ownerships of … Continue reading Cathay Pacific To Get Hong Kong Government Bail Out