Cathay is investing over HK$100 billion to strengthen Hong Kong…
Aug 7, 2024 · Eighteen months on from the start of its rebuilding journey, Cathay has fully repaid the HK$19.5 billion preference shares investment and paid a total of HK$2.44 billion in dividends to the Hong Kong SAR (HKSAR) Government over its holding period.
Cathay Pacific Struggles With Aftermath of Covid, and China …
May 29, 2023 · Few major airlines in the world were hit by the Covid pandemic as hard as Cathay Pacific, the flagship carrier of Hong Kong, or have labored so mightily to recover from it.
Cathay fully repays the Hong Kong SAR Government’s ... - Cathay Pacific
The Cathay Group has now bought back the remaining 50% – HK$9.75 billion – of the preference shares that were issued to the HKSAR Government as part of the Cathay Group’s 2020 recapitalization. The Cathay Group previously bought back the initial 50% of the preference shares in December 2023.
Cathay Pacific buys back warrants from Hong Kong …
Sep 13, 2024 · Airline Cathay Pacific has bought back all warrants issued to the Hong Kong government in 2020, another step in repaying the government for a pandemic-related recapitalisation package, the...
Cathay Pacific cancels 22 more flights amid A350 engine issues
Sep 4, 2024 · Hong Kong's flag carrier had cancelled dozens of flights on Tuesday and Wednesday, including some flights between Singapore and Hong Kong. Following the engine part failure, Cathay...
Cathay Pacific’s flight cancellations hint at bigger problem, says ...
Jan 5, 2024 · HONG KONG – Hong Kong’s flagship airline, Cathay Pacific, has cancelled more than 80 flights since Christmas Eve, sparking concerns among customers on the possibility of further...
Hong Kong’s Cathay Pacific delays capacity target to 2025 as …
Mar 14, 2024 · Hong Kong’s flagship carrier Cathay Pacific is delaying its target for returning to pre-Covid capacity despite posting its first annual profit for four years, as the pilots’ union raised...
Cathay Pacific posts best H1 profit since 2010, to repay …
Aug 9, 2023 · Cathay Pacific Airways reported on Wednesday its best first-half profit in more than a decade and announced plans to order more planes and repay a Hong Kong government rescue package after a...
Covid: Cathay Pacific flights cut after Hong Kong clampdown - BBC
Cathay Pacific has announced immediate major cuts to its flight schedule, including cancelling passenger and cargo services to and from Hong Kong. The airline did not provide details on how many...
Cathay passes yet another milestone on the journey to rebuild
The Cathay Group has reached another key milestone in its rebuild journey today and bought back 50% – HK$9.75 billion – of the HK$19.5 billion preference shares that were issued to the Hong Kong Special Administrative Region (HKSAR) Government as part of the Cathay Group’s recapitalisation financing in 2020.