You are here

Hong Kong govt says does not intend to hold Cathay Pacific stake long-term

ym-cp-090620.jpg
Hong Kong's government does not intend to hold a stake in Cathay Pacific Airways long term after leading a rescue package to help it through the coronavirus pandemic, Finance Secretary Paul Chan said on Tuesday.

[HONG KONG] Hong Kong's government does not intend to hold a stake in Cathay Pacific Airways long term after leading a rescue package to help it through the coronavirus pandemic, Finance Secretary Paul Chan said on Tuesday.

Mr Chan said the bailout was intended to maintain the city's status as a major international aviation hub and the government had no plans to get involved in the company's operations.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes