Cathay Pacific repurchased HK$39bn pandemic bailout warrants, spent HK$1.53bn, and plans a HK$100bn investment over 7 years.

Cathay Pacific has repurchased all warrants issued to the Hong Kong government as part of a HK$39 billion ($5 billion) pandemic bailout, spending HK$1.53 billion ($196.2 million) in the process. This concludes the recapitalization effort that included buying back preference shares and paying dividends. CEO Ronald Lam highlighted a shift towards future growth, with plans for a HK$100 billion ($12.8 billion) investment over seven years to enhance operations and passenger services.

September 13, 2024
4 Articles