Cathay Pacific gets $5bn state-backed bailoutpublished at 06:37 British Summer Time 9 June 2020
Cathay Pacific has said it will get a HK$39bn (£4bn; $5bn) Hong Kong government-backed bailout, as it struggles in the coronavirus pandemic.
As part of the restructuring plan the company said it will also implement another round of executive pay cuts.
Cathay's shares were suspended earlier today before the announcement.