Troubled Hong Kong airline Cathay Pacific announced a HK$39 billion ($5 billion) government-led bailout plan on Tuesday as it battles a crippling downturn caused by the coronavirus. Like many carriers hammered by the crisis, the company has seen passenger numbers evaporate in recent months, leaving most of its […]
Hong Kong flag carrier Cathay Pacific announced Wednesday that it will buy budget airline HK Express for US$628.15 million, as it moves to counter competition from the increasing number of low-cost carriers in the region. The HK$4.93 billion acquisition leaves Cathay Pacific in control of three of the […]
Hong Kong carrier Cathay Pacific came under pressure Friday to explain why it had taken five months to admit it had been hacked and compromised the data of 9.4 million customers, including passport numbers and credit card details. The airline said Wednesday it had discovered suspicious activity on […]
Founder Editor
