Cathay Pacific, a major Asian airline that also operates a large fleet of dedicated freight aircraft, and Austrian Airlines are recapitalizing with the assistance of home governments, the latest in a string of airlines receiving outside assistance to keep operating until travel demand rebounds.
Cathay Pacific (OTCUS: CPCAY) said Tuesday it will issue warrants giving the government of Hong Kong the right to purchase HK$19.5 billion ($2.5 billion) worth of stock and that it received a HK$7.8...
https://www.freightwaves.com/news/cathay-pacific-austrian-airlines-recapitalize-with-state-help