The government of Hong Kong will take a minority stake in Cathay Pacific as it agrees to bail out the airline to the tune of $5 billion. Cathay Pacific and its parent company Swire Pacific also announced that they plan to raise HK$39 billion ($5 billion) in new capital. Hong Kong’s flag carrier has struggled
While most airlines are sheltering and tightening bootstraps in an attempt to weather the storm surrounding the global coronavirus pandemic, Qatar Airways is taking a much more aggressive approach. Despite having its own struggles due to the pandemic, its CEO Akbar Al Baker has said today that its cargo operations will sustain the airline enough
Singapore Airlines said on Monday that it is ‘rationalising’ services between Singapore and China with a series of additional flight suspensions announced. The decision comes amid the continuing impact of Coronavirus on travel to Mainland China.
Air New Zealand says it has leased two aircraft from alliance partner Cathay Pacific as cover while its Boeing 787-9 fleet undergoes required engine checks.
Cathay Pacific has outlined plans to reduce capacity by 1.4 per cent in 2020 amid the ongoing impact of the demonstrations in Hong Kong, media reports say.
The Association of Asia Pacific Airlines (AAPA) has cancelled its annual assembly of presidents due to the ongoing unrest in Hong Kong.
