Cathay shares plunge as bond sale announced to stem cash crisis

AFP

2021/01/28 | 433 words | LE JOURNAL DE L'AVIATION | AIR TRANSPORT

Shares in Hong Kong's marquee carrier Cathay Pacific plunged on Thursday after the struggling airline unveiled a HK$6.7-billion (US$870-million) bond sale to try to stem its rampant cash burn.The firm tumbled as much as nine percent, days after it warned new quarantine measures planned for passenger and cargo crew arriving in Hong Kong would further dent its finances.Cathay on Thursday said it would offer five-year bonds maturing in February 2026 that could also be converted into shares at a...(…)

This article is available on « Le Journal de l'Aviation »

Read the article

Aviation and aerospace newsletter

Sign up for free
to the weekly newsletter!

In the same theme:


SWISS appoints Romain Vetter as its new Head of Western Switzerland
2021/04/01 | AEROCONTACT | AIR TRANSPORT

Romain Vetter has been appointed as SWISS’s new Head of Western Switzerland, with commercial responsibility for the company’s Geneva-based business activit...


Walsh Takes the Helm at IATA
2021/04/01 | AEROCONTACT | AIR TRANSPORT

The International Air Transport Association (IATA) announced that Willie Walsh has officially taken on the role of Director General of the organization. He succeeds Al...


easyJet launches Virtual Pilot School Visits programme on International Women’s Day to challenge gendered stereotyping of jobs
2021/03/15 | AEROCONTACT | AIR TRANSPORT

easyJet pilots will virtually join classrooms and assemblies up and down the country to show young people what their job is really like - and that it’s can be a ...

See also:


2021/01/28 | LE JOURNAL DE L'AVIATION | AIR TRANSPORT

The French government is suspending Ethiopian Airlines for four days over a failure to ensure passengers have had negative coronavirus tests, the transport ministry a...


2021/01/25 | LE JOURNAL DE L'AVIATION | AIR TRANSPORT

Canadian airline Westjet on Friday cancelled a flight just prior to take-off after a warning light went off in the cockpit of the Boeing 737 MAX aircraft.The 737 MAX ...


2021/01/25 | LE JOURNAL DE L'AVIATION | AIR TRANSPORT

The United Arab Emirates said late Friday it was in contact with Danish authorities to "clarify the details" of the concerns over coronavirus testing that prompted th...