{"id":356523,"date":"2020-06-10T10:02:34","date_gmt":"2020-06-10T04:32:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=356523"},"modified":"2020-06-10T10:26:19","modified_gmt":"2020-06-10T04:56:19","slug":"cathay-pacific-unveils-5-bn-bailout-plan-amid-coronavirus-pandemic","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cathay-pacific-unveils-5-bn-bailout-plan-amid-coronavirus-pandemic\/","title":{"rendered":"Cathay Pacific unveils $5-bn bailout plan amid coronavirus pandemic"},"content":{"rendered":"<p>Financially battered Hong Kong airline Cathay Pacific Airways has become the latest airline to get government support to survive the coronavirus pandemic. <\/p>\n<p>The Hong Kong government on Tuesday approved a 39 billion Hong Kong dollar ($5 billion) recapitalisation plan that calls for a new government-controlled entity called Aviation 2020 to buy $2.6 billion of an up to 33 billion Hong Kong dollars ($4.3 billion) share offering by Cathay Pacific. <\/p>\n<p>That would give it a 6 per cent stake in the airline. The airline also would receive a 7.8 billion Hong Kong dollar ($1 billion) loan from Aviation 2020. <\/p>\n<p>Cathay Pacific proposed the bailout as it struggles to survive the near collapse of regional travel due to the pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financially battered Hong Kong airline Cathay Pacific Airways has become the latest airline to get government support to survive the coronavirus pandemic. The Hong Kong government on Tuesday approved a 39 billion Hong Kong dollar ($5 billion) recapitalisation plan that calls for a new government-controlled entity called Aviation 2020 to buy $2.6 billion of an up to 33 billion Hong Kong dollars ($4.3 billion) share offering by Cathay Pacific. That would give it a 6 per cent stake in the airline. The airline also would receive a 7.8 billion Hong Kong dollar ($1 billion) loan from Aviation 2020. Cathay Pacific [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-356523","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/356523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=356523"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/356523\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=356523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=356523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=356523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}