HONG KONG -- The government of Hong Kong will lead a $5.02 billion recapitalization of Cathay Pacific Airways under a plan unveiled on Tuesday to tide the city's ailing flagship carrier through the impact of the coronavirus pandemic.
Transportation
Hong Kong government leads $5bn bailout of Cathay Pacific
Airline chairman warns alternative 'would have been collapse'
Cathay Pacific's major shareholders -- Swire Pacific, Qatar Airways and Air China -- will join the Hong Kong government in infusing capital into the city's flag carrier. (Photo by Shinya Sawai)
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