Cathay Pacific shares plunge 8% in Hong Kong over finance woes

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Cathay Pacific shares plunge 8% in Hong Kong over finance woes
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HONG KONG: Shares in Hong Kong's marquee carrier Cathay Pacific plunged on Thursday (Jan 28) after the struggling airline unveiled a HK$6.7 ...

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HONG KONG: Shares in Hong Kong's marquee carrier Cathay Pacific plunged on Thursday after the struggling airline unveiled a HK$6.7 billion bond sale to try to stem its rampant cash burn.

Like all major airlines, Cathay has seen its business evaporate during the coronavirus pandemic but the Hong Kong carrier is especially vulnerable because it has no domestic market to fall back on.

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