ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Transportation

Cathay Pacific shareholders approve government-led bailout

With COVID back in Hong Kong base, outlook bleak despite $5bn aid package

Hong Kong Express, Cathay Pacific's low-cost unit, recently said it would resume service in August but a new outbreak of COVID-19 cases in Hong Kong may put this plan in doubt.   © Reuters

HONG KONG -- Shareholders of Cathay Pacific Airways have overwhelmingly approved a government-led $5 billion bailout of the airline, but the carrier still faces strong headwinds with its operating base of Hong Kong facing a resurgence of COVID-19 cases.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more