Cathay Pacific Wants To Raise $870mn To Shore Up Liquidity
Hong Kong’s Cathay Pacific is back raising money to stay in the air. Twelve months into COVID-19 and almost two years since protests began in Hong Kong, the airline’s financial woes continue. Now flying a fraction of its 2019 passenger numbers, Cathay Pacific has a monthly cash burn running up to US$190 million, and there’s no relief in sight. To h …