The Hong Kong government has agreed to pay $5 billion for a 6.1% stake in Cathay Pacific as the carrier bleeds $38 million a month due to the COVID 19 pandemic grounding its fleet. Even ahead of a government imposed ban on non-residents imposed in March which effectively ended all Cathay’s service...
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IATA: Passenger Traffic Maintains Strong Growth Trend
By
Dino D'Amore
3rd December 2015