Uplift for Hong Kong's air cargo hub status, while container port declines
Hong Kong government plans to further boost the SAR’s international aviation hub status – in ...
The Hong Kong government is set to inject HK$30bn (US$3.87bn) into Cathay Pacific as part of wider HK$39bn recapitalisation plan the airline is undertaking to enable it to continue operating through the coronavirus pandemic. According to this report from the South China Morning Post, the funds will give Hong Kong’s government a 6.08% stake in the company – and although existing shareholders Swire Pacific, Air China and Qatar Airlines will contribute the remaining HK$9bn, their shareholdings will be reduced, giving ...
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