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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.

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