The shareholders, external investors and the administration of the Hong Kong Special Administrative Region are helping the financially troubled carrier. The public sector gets involved.

The airline Cathay Pacific was already badly shaken before the corona pandemic, because the protests of the people of Hong Kong meant that flight operations had to be reduced. The subsequent virus crisis, however, largely put the carrier on the ground. Only a small rump program consisting of a few destinations could be maintained.

All in all, this meant that Cathay Pacific's financial position became increasingly acute. Now the administration of the Chinese special administrative region in Hong Kong is helping the stricken airline and its daughters financially. But not without consideration, because according to the official announcement there will also be participation. Group-wide, 4,6 billion euros will flow in and the administration will take on around six percent as a shareholder. The public sector will also send representatives to the meetings of the Board of Directors in the future.

The lion's share of the funding comes from the Hong Kong Special Administrative Region, but existing shareholders Air China, Qatar and Sire Group are also expected to make their contribution. Further investors could also be won for an investment in the Cathay Pacific Group. Formally, they are loans. With the entry of the public sector, the shares of the previous shareholders were slightly diluted.