Cathay Pacific Airways

Flights will be operated by Singapore Airlines and Cathay Pacific Airways.

Cathay Pacific Airways Ltd. became the latest global carrier to seek a lifeline in the aftermath of Covid-19 travel restrictions, outlining a plan to raise HK$39 billion (S$7.0 billion) from the Hong Kong government and shareholders.

The move comes as Cathay contends with a slump in traffic brought on by the coronavirus outbreak and the travel restrictions that ensued.

Global tourist arrivals could decline by up to 80% y-o-y in 2020 and 25 million jobs could be lost in aviation-related sectors.

SINGAPORE (April 17): The Sept 11, 2001 terrorist attacks (9/11) on the World Trade Center (WTC) in Manhattan, New York, changed not just the face of US foreign policy for good — it also altered the course of the global aviation industry in a dramatic

Cathay again warned that its second-half profit would be “significantly” lower than the first as it was badly hit by months of protests.

SINGAPORE (Sept 16): On Sept 4, as I watched my shares in Hongkong Land Holdings bounce strongly, it occurred to me that I could be accused of being invested in the people of the former British colony not getting their way. The talk in the market that day

SINGAPORE (Sept 2): Hong Kong has been in turmoil for three months now and there is no sign of a resolution to the protests that were sparked off by the Hong Kong government’s extradition bill that would have allowed easier repatriation of offenders fro

SINGAPORE (Apr 17): Singapore state investor Temasek Holdings has expressed interest in buying into Chinese conglomerate HNA's Hong Kong-based carriers, Hong Kong Airlines and Hong Kong Express Airways, according to a source familiar with the matter.

SINGAPORE (Sept 6): Nine airlines will be shifting over to the new Terminal 4 (T4) over a one week period as the terminal commences operations on Oct 31 this year, says Changi Airport Group (CAG).