Cathay Pacific unveils US$5 billion bailout plan

HONG KONG - Troubled Hong Kong airline Cathay Pacific announced a HK$39 billion ($5 billion) government-led bailout plan on Tuesday as it battles a crippling downturn caused by the coronavirus.

Cathay Pacific unveils US$5 billion bailout plan
HONG KONG - Troubled Hong Kong airline Cathay Pacific announced a HK$39 billion ($5 billion) government-led bailout plan on Tuesday as it battles a crippling downturn caused by the coronavirus.