Hong Kong government’s white knight rescue of Cathay Pacific seen as win for both sides

The Hong Kong government’s rescue of Cathay Pacific is a win for both sides, sending a reassuring signal to the markets about the future of the airline and the city’s aviation sector during the Covid-19 pandemic, but the move does raise some uncertainties going forward, experts say.With the decision, the government joins others around the world that have stepped up with funding for troubled flag carriers, but it marks the first time authorities in the proudly free-market city have directly…

from South China Morning Post https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3088281/hong-kong-governments-white-knight-rescue-cathay