Thursday, 9 July 2020

Tag Archives: Cathay Pacific

Cathay Pacific proposes $5 billion bailout

HONG KONG: Financially battered Hong Kong airline Cathay Pacific Airways has proposed the government help fund a 39 billion Hong Kong dollar ($5 billion) recapitalization plan to help it survive the coronavirus pandemic. Cathay Pacific said in a stock exchange filing on Tuesday that the plan calls for it to ...

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Cathay warns staff face sack if they join Hong Kong strike

HONG KONG: Cathay Pacific has warned staff they risk being sacked if they join a planned Hong Kong strike, as the airline intensifies its crackdown on employee support for the rolling pro-democracy protests. Hong Kong’s flagship carrier, which has 27,000 staff in the city, has been accused of bowing to ...

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