Cathay Pacific Granted Another Year To Draw Down Government Loan

aircraft
Credit: Rob Finlayson
The Hong Kong government has pushed back the expiry date of a financial safety net it has provided for Cathay Pacific due to the COVID-19 crisis. The government has agreed to extend the drawdown period of Cathay’s HK$7.8 billion ($994 million) loan facility by 12 months to June 8, 2023. This is the...

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