Hong Kong Extends Cathay’s Loan Drawdown By Another Year

HKG
Cathay Pacific 777s at Hong Kong International Airport.
Credit: Cathay Pacific
The Hong Kong government has agreed to extend the drawdown period of HK$7.8 billion ($1 billion) offered to Cathay Pacific by another year as the flagship carrier continues to cut costs. The sum is part of the HK$39 billion financial support package extended by the government in June 2020, which...

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