TransportationBailout of Hong Kong's Cathay Pacific gets investors' scrutiny
Analysts say $5bn plan comes amid uncertain long-term outlook for global industry
Cathay Pacific aircraft at Hong Kong International Airport. The carrier has been suffering from a decline in business and leisure travelers as a result of anti-government protests last year and the coronavirus pandemic now. © AP
KENJI KAWASE, Nikkei Asian Review chief business news correspondent
HONG KONG -- A day after the Hong Kong government said it would spend about $5 billion to bail out Cathay Pacific Airways, the city's leading airline, analysts remained skeptical on the company's long-term outlook, even though the rescue plan will address some short-term cash issues.