Cathay Pacific given extension to draw down $1 billion government loan

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Cathay Pacific given extension to draw down $1 billion government loan

StreetInsider2021-06-08

(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, ...

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Comment（10）

Cyn198
·2021-06-08
Wow, nice!
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RichTee
·2021-06-08
Nice
Reply
2
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TeslaLegend
·2021-06-08
Please like and comment. Thanks!
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1
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DesmondChin
·2021-06-08
Everyone can fly again next year
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SeanInvest
·2021-06-08
I guess travel in 2022...
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2
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- A2Hong:
  Ye man
  2021-06-08
  Reply
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- Targarean:
  There is no hope. 2023 maybe ?
  2021-06-08
  Reply
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PSChoong
·2021-06-08
Long way to recover for airlines industry [流淚]
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5
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- Targarean:
  Thats the thing. i’m not patient enough to wait 5 years for airlines. Will invest in others
  2021-06-10
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- PSChoongReplying toTargarean:
  Will return but just take at least 5yrs... Haha so must have strong holding power
  2021-06-09
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- PSChoong:
  Why unfortunately?
  2021-06-08
  Reply
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MT103
·2021-06-08
Just reopen travel and make everyone happy.
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2
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zzhuizizi
·2021-06-08
[Cry]
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4
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Clarity
·2021-06-08
[Miser] [Miser] [Miser]
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- Prydeaux:
  Hi
  2021-06-08
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shwan
·2021-06-08
Like and comment please
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- Clarity:
  Reply please!
  2021-06-08
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- zolluA:
  ok reply done
  2021-06-08
  Reply
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href=https://www.streetinsider.com/dr/news.php?id=18530876><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18530876\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00293":"国泰航空"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18530876","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141251669","content_text":"(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, giving it more flexibility to manage liquidity.The 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-Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18530876\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00293":"国泰航空"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18530876","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141251669","content_text":"(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, giving it more flexibility to manage liquidity.The bridge loan was part of a $5 billion rescue package led by the Hong Kong government and Cathay's major shareholders Swire Pacific Ltd and Air China Ltd last year to help the airline weather the COVID-19 crisis.Cathay Chief Executive Augustus Tang said in a statement the airline had not yet drawn down on the loan as it adopted a suite of measures to save cash, but the extension would give it more flexibility to manage its liquidity position.Cathay had HK$28 billion of liquidity as of December 2020 and also raised HK$6.74 billion from a convertible bond issue in February and $650 million in a bond issue last month.The airline's move to access as much liquidity as possible at a time when passenger numbers are down by more than 99% from 2019 levels follows a decision by rival Singapore Airlines Ltd last month to issue S$6.2 billion ($4.69 billion) of convertible bonds.The Singapore Airlines convertible bonds, underwritten by majority shareholder Temasek Holdings, were an optional part of a state investor-led S$15 billion rescue package announced last year.Both airlines lack domestic markets at a time when international borders are still largely shut.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":117197250,"gmtCreate":1623121016070,"gmtModify":1704196515263,"author":{"id":"3572489627147183","authorId":"3572489627147183","name":"TeslaLegend","avatar":"https://static.tigerbbs.com/180ad6f06095bcbf2b6594d26c494752","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":4,"crmLevelSwitch":1,"authorIdStr":"3572489627147183","idStr":"3572489627147183"},"htmlText":"Please like and comment. Thanks!","listText":"Please like and comment. Thanks!","text":"Please like and comment. Thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/117197250","repostId":2141251669,"repostType":4,"repost":{"id":"2141251669","pubTimestamp":1623118680,"share":"https://ttm.financial/m/news/2141251669?lang=&edition=fundamental","pubTime":"2021-06-08 10:18","market":"hk","language":"en","title":"Cathay Pacific given extension to draw down $1 billion government loan","url":"https://stock-news.laohu8.com/highlight/detail?id=2141251669","media":"StreetInsider","summary":"(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to ex","content":"<p>(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, giving it more flexibility to manage liquidity.</p><p>The bridge loan was part of a $5 billion rescue package led by the Hong Kong government and Cathay's major shareholders Swire Pacific Ltd and Air China Ltd last year to help the airline weather the COVID-19 crisis.</p><p>Cathay Chief Executive Augustus Tang said in a statement the airline had not yet drawn down on the loan as it adopted a suite of measures to save cash, but the extension would give it more flexibility to manage its liquidity position.</p><p>Cathay had HK$28 billion of liquidity as of December 2020 and also raised HK$6.74 billion from a convertible bond issue in February and $650 million in a bond issue last month.</p><p>The airline's move to access as much liquidity as possible at a time when passenger numbers are down by more than 99% from 2019 levels follows a decision by rival Singapore Airlines Ltd last month to issue S$6.2 billion ($4.69 billion) of convertible bonds.</p><p>The Singapore Airlines convertible bonds, underwritten by majority shareholder Temasek Holdings, were an optional part of a state investor-led S$15 billion rescue package announced last year.</p><p>Both airlines lack domestic markets at a time when international borders are still largely shut.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathay Pacific given extension to draw down $1 billion government loan</title>\n<style 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2022, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18530876\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00293":"国泰航空"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18530876","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141251669","content_text":"(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, giving it more flexibility to manage liquidity.The bridge loan was part of a $5 billion rescue package led by the Hong Kong government and Cathay's major shareholders Swire Pacific Ltd and Air China Ltd last year to help the airline weather the COVID-19 crisis.Cathay Chief Executive Augustus Tang said in a statement the airline had not yet drawn down on the loan as it adopted a suite of measures to save cash, but the extension would give it more flexibility to manage its liquidity position.Cathay had HK$28 billion of liquidity as of December 2020 and also raised HK$6.74 billion from a convertible bond issue in February and $650 million in a bond issue last month.The airline's move to access as much liquidity as possible at a time when passenger numbers are down by more than 99% from 2019 levels follows a decision by rival Singapore Airlines Ltd last month to issue S$6.2 billion ($4.69 billion) of convertible bonds.The Singapore Airlines convertible bonds, underwritten by majority shareholder Temasek Holdings, were an optional part of a state investor-led S$15 billion rescue package announced last year.Both airlines lack domestic markets at a time when international borders are still largely shut.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":117195071,"gmtCreate":1623120878393,"gmtModify":1704196511226,"author":{"id":"3578983795474363","authorId":"3578983795474363","name":"DesmondChin","avatar":"https://static.tigerbbs.com/b90cb6b6a6c328ac8d02a829e5e7c835","vip":1,"hat":"https://static.tigerbbs.com/46b6808e1ba3716fb9c53339adffa3c5","crmLevel":3,"crmLevelSwitch":1,"authorIdStr":"3578983795474363","idStr":"3578983795474363"},"htmlText":"Everyone can fly again next year","listText":"Everyone can fly again next year","text":"Everyone can fly again next year","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/117195071","repostId":2141251669,"repostType":4,"repost":{"id":"2141251669","pubTimestamp":1623118680,"share":"https://ttm.financial/m/news/2141251669?lang=&edition=fundamental","pubTime":"2021-06-08 10:18","market":"hk","language":"en","title":"Cathay Pacific given extension to draw down $1 billion government loan","url":"https://stock-news.laohu8.com/highlight/detail?id=2141251669","media":"StreetInsider","summary":"(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to ex","content":"<p>(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, giving it more flexibility to manage liquidity.</p><p>The bridge loan was part of a $5 billion rescue package led by the Hong Kong government and Cathay's major shareholders Swire Pacific Ltd and Air China Ltd last year to help the airline weather the COVID-19 crisis.</p><p>Cathay Chief Executive Augustus Tang said in a statement the airline had not yet drawn down on the loan as it adopted a suite of measures to save cash, but the extension would give it more flexibility to manage its liquidity position.</p><p>Cathay had HK$28 billion of liquidity as of December 2020 and also raised HK$6.74 billion from a convertible bond issue in February and $650 million in a bond issue last month.</p><p>The airline's move to access as much liquidity as possible at a time when passenger numbers are down by more than 99% from 2019 levels follows a decision by rival Singapore Airlines Ltd last month to issue S$6.2 billion ($4.69 billion) of convertible bonds.</p><p>The Singapore Airlines convertible bonds, underwritten by majority shareholder Temasek Holdings, were an optional part of a state investor-led S$15 billion rescue package announced last year.</p><p>Both airlines lack domestic markets at a time when international borders are still largely shut.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" 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href=https://www.streetinsider.com/dr/news.php?id=18530876><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18530876\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00293":"国泰航空"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18530876","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141251669","content_text":"(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, giving it more flexibility to manage liquidity.The bridge loan was part of a $5 billion rescue package led by the Hong Kong government and Cathay's major shareholders Swire Pacific Ltd and Air China Ltd last year to help the airline weather the COVID-19 crisis.Cathay Chief Executive Augustus Tang said in a statement the airline had not yet drawn down on the loan as it adopted a suite of measures to save cash, but the extension would give it more flexibility to manage its liquidity position.Cathay had HK$28 billion of liquidity as of December 2020 and also raised HK$6.74 billion from a convertible bond issue in February and $650 million in a bond issue last month.The airline's move to access as much liquidity as possible at a time when passenger numbers are down by more than 99% from 2019 levels follows a decision by rival Singapore Airlines Ltd last month to issue S$6.2 billion ($4.69 billion) of convertible bonds.The Singapore Airlines convertible bonds, underwritten by majority shareholder Temasek Holdings, were an optional part of a state investor-led S$15 billion rescue package announced last year.Both airlines lack domestic markets at a time when international borders are still largely shut.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":117104587,"gmtCreate":1623120309649,"gmtModify":1704196501948,"author":{"id":"3582665698210387","authorId":"3582665698210387","name":"SeanInvest","avatar":"https://static.tigerbbs.com/08e14b09f31938b73b913001596756c6","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3582665698210387","idStr":"3582665698210387"},"htmlText":"I guess travel in 2022...","listText":"I guess travel in 2022...","text":"I guess travel in 2022...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/117104587","repostId":2141251669,"repostType":4,"repost":{"id":"2141251669","pubTimestamp":1623118680,"share":"https://ttm.financial/m/news/2141251669?lang=&edition=fundamental","pubTime":"2021-06-08 10:18","market":"hk","language":"en","title":"Cathay Pacific given extension to draw down $1 billion government loan","url":"https://stock-news.laohu8.com/highlight/detail?id=2141251669","media":"StreetInsider","summary":"(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to ex","content":"<p>(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, giving it more flexibility to manage liquidity.</p><p>The bridge loan was part of a $5 billion rescue package led by the Hong Kong government and Cathay's major shareholders Swire Pacific Ltd and Air China Ltd last year to help the airline weather the COVID-19 crisis.</p><p>Cathay Chief Executive Augustus Tang said in a statement the airline had not yet drawn down on the loan as it adopted a suite of measures to save cash, but the extension would give it more flexibility to manage its liquidity position.</p><p>Cathay had HK$28 billion of liquidity as of December 2020 and also raised HK$6.74 billion from a convertible bond issue in February and $650 million in a bond issue last month.</p><p>The airline's move to access as much liquidity as possible at a time when passenger numbers are down by more than 99% from 2019 levels follows a decision by rival Singapore Airlines Ltd last month to issue S$6.2 billion ($4.69 billion) of convertible bonds.</p><p>The Singapore Airlines convertible bonds, underwritten by majority shareholder Temasek Holdings, were an optional part of a state investor-led S$15 billion rescue package announced last year.</p><p>Both airlines lack domestic markets at a time when international borders are still largely shut.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathay Pacific given extension to draw down $1 billion government loan</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathay Pacific given extension to draw down $1 billion government loan\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 10:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18530876><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18530876\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00293":"国泰航空"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18530876","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141251669","content_text":"(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, giving it more flexibility to manage liquidity.The bridge loan was part of a $5 billion rescue package led by the Hong Kong government and Cathay's major shareholders Swire Pacific Ltd and Air China Ltd last year to help the airline weather the COVID-19 crisis.Cathay Chief Executive Augustus Tang said in a statement the airline had not yet drawn down on the loan as it adopted a suite of measures to save cash, but the extension would give it more flexibility to manage its liquidity position.Cathay had HK$28 billion of liquidity as of December 2020 and also raised HK$6.74 billion from a convertible bond issue in February and $650 million in a bond issue last month.The airline's move to access as much liquidity as possible at a time when passenger numbers are down by more than 99% from 2019 levels follows a decision by rival Singapore Airlines Ltd last month to issue S$6.2 billion ($4.69 billion) of convertible bonds.The Singapore Airlines convertible bonds, underwritten by majority shareholder Temasek Holdings, were an optional part of a state investor-led S$15 billion rescue package announced last year.Both airlines lack domestic markets at a time when international borders are still largely shut.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4627244,"gmtCreate":1623120654892,"gmtModify":1663228173738,"authorId":3575977247479835,"author":{"id":3575977247479835,"idStr":"3575977247479835","authorId":3575977247479835,"name":"A2Hong","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117104587,"type":1,"supId":0,"prevId":0,"content":"Ye man","text":"Ye man","html":"Ye man"},{"id":4627192,"gmtCreate":1623120459121,"gmtModify":1663228171939,"authorId":3573540190522229,"author":{"id":3573540190522229,"idStr":"3573540190522229","authorId":3573540190522229,"name":"Targarean","avatar":"https://community-static.tradeup.com/news/59de1c73df3e7e460bd84cc786850fa6","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.11","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117104587,"type":1,"supId":0,"prevId":0,"content":"There is no hope. 2023 maybe ?","text":"There is no hope. 2023 maybe ?","html":"There is no hope. 2023 maybe ?"}],"langContent":"EN"},{"id":117106462,"gmtCreate":1623120185456,"gmtModify":1704196494968,"author":{"id":"3581687469376937","authorId":"3581687469376937","name":"PSChoong","avatar":"https://static.tigerbbs.com/ffd39f1581243a7dc91c880d3bcaf308","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":4,"crmLevelSwitch":1,"authorIdStr":"3581687469376937","idStr":"3581687469376937"},"htmlText":"Long way to recover for airlines industry&nbsp;[流淚]&nbsp;","listText":"Long way to recover for airlines industry&nbsp;[流淚]&nbsp;","text":"Long way to recover for airlines industry [流淚]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/117106462","repostId":2141251669,"repostType":4,"repost":{"id":"2141251669","pubTimestamp":1623118680,"share":"https://ttm.financial/m/news/2141251669?lang=&edition=fundamental","pubTime":"2021-06-08 10:18","market":"hk","language":"en","title":"Cathay Pacific given extension to draw down $1 billion government loan","url":"https://stock-news.laohu8.com/highlight/detail?id=2141251669","media":"StreetInsider","summary":"(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to ex","content":"<p>(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, giving it more flexibility to manage liquidity.</p><p>The bridge loan was part of a $5 billion rescue package led by the Hong Kong government and Cathay's major shareholders Swire Pacific Ltd and Air China Ltd last year to help the airline weather the COVID-19 crisis.</p><p>Cathay Chief Executive Augustus Tang said in a statement the airline had not yet drawn down on the loan as it adopted a suite of measures to save cash, but the extension would give it more flexibility to manage its liquidity position.</p><p>Cathay had HK$28 billion of liquidity as of December 2020 and also raised HK$6.74 billion from a convertible bond issue in February and $650 million in a bond issue last month.</p><p>The airline's move to access as much liquidity as possible at a time when passenger numbers are down by more than 99% from 2019 levels follows a decision by rival Singapore Airlines Ltd last month to issue S$6.2 billion ($4.69 billion) of convertible bonds.</p><p>The Singapore Airlines convertible bonds, underwritten by majority shareholder Temasek Holdings, were an optional part of a state investor-led S$15 billion rescue package announced last year.</p><p>Both airlines lack domestic markets at a time when international borders are still largely shut.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" 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href=https://www.streetinsider.com/dr/news.php?id=18530876><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18530876\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00293":"国泰航空"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18530876","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141251669","content_text":"(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, giving it more flexibility to manage liquidity.The bridge loan was part of a $5 billion rescue package led by the Hong Kong government and Cathay's major shareholders Swire Pacific Ltd and Air China Ltd last year to help the airline weather the COVID-19 crisis.Cathay Chief Executive Augustus Tang said in a statement the airline had not yet drawn down on the loan as it adopted a suite of measures to save cash, but the extension would give it more flexibility to manage its liquidity position.Cathay had HK$28 billion of liquidity as of December 2020 and also raised HK$6.74 billion from a convertible bond issue in February and $650 million in a bond issue last month.The airline's move to access as much liquidity as possible at a time when passenger numbers are down by more than 99% from 2019 levels follows a decision by rival Singapore Airlines Ltd last month to issue S$6.2 billion ($4.69 billion) of convertible bonds.The Singapore Airlines convertible bonds, underwritten by majority shareholder Temasek Holdings, were an optional part of a state investor-led S$15 billion rescue package announced last year.Both airlines lack domestic markets at a time when international borders are still largely shut.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4656259,"gmtCreate":1623281423402,"gmtModify":1663228314938,"authorId":3573540190522229,"author":{"id":3573540190522229,"idStr":"3573540190522229","authorId":3573540190522229,"name":"Targarean","avatar":"https://community-static.tradeup.com/news/59de1c73df3e7e460bd84cc786850fa6","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.11","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117106462,"type":1,"supId":4627203,"prevId":0,"content":"Thats the thing. i’m not patient enough to wait 5 years for airlines. Will invest in others","text":"Thats the thing. i’m not patient enough to wait 5 years for airlines. Will invest in others","html":"Thats the thing. i’m not patient enough to wait 5 years for airlines. Will invest in others"},{"id":4651097,"gmtCreate":1623246589939,"gmtModify":1663228289442,"authorId":3581687469376937,"author":{"id":3581687469376937,"idStr":"3581687469376937","authorId":3581687469376937,"name":"PSChoong","avatar":"https://static.tigerbbs.com/ffd39f1581243a7dc91c880d3bcaf308","vip":1,"currentWearingBadge":{"badgeId":"4e86300037264823b9bb00ff44fc0f19-4","templateUuid":"4e86300037264823b9bb00ff44fc0f19","name":"Live trading challenger","description":"for 8 months","bigImgUrl":"https://community-static.tradeup.com/news/e3c2981d338af1955c5a7587297c7538","smallImgUrl":"https://community-static.tradeup.com/news/11bbd9850f6167705ec224d6cdf66df2","grayImgUrl":"https://community-static.tradeup.com/news/1c641e842de95b902f6af107359ee244","redirectLinkEnabled":0,"redirectLink":"https://www.tigerbrokers.com.sg/activity/market/2023/stock-contest?adcode=StockContest2023","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.05.03","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":5600},"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":3573540190522229,"repliedAuthor":{"id":3573540190522229,"idStr":"3573540190522229","authorId":3573540190522229,"name":"Targarean","avatar":"https://community-static.tradeup.com/news/59de1c73df3e7e460bd84cc786850fa6","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.11","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"objectId":117106462,"type":1,"supId":4627203,"prevId":4631688,"content":"Will return but just take at least 5yrs... Haha so must have strong holding <u>power</u>","text":"Will return but just take at least 5yrs... Haha so must have strong holding <u>power</u>","html":"Will return but just take at least 5yrs... Haha so must have strong holding <u>power</u>"},{"id":4630280,"gmtCreate":1623137818120,"gmtModify":1663228186340,"authorId":3581687469376937,"author":{"id":3581687469376937,"idStr":"3581687469376937","authorId":3581687469376937,"name":"PSChoong","avatar":"https://static.tigerbbs.com/ffd39f1581243a7dc91c880d3bcaf308","vip":1,"currentWearingBadge":{"badgeId":"4e86300037264823b9bb00ff44fc0f19-4","templateUuid":"4e86300037264823b9bb00ff44fc0f19","name":"Live trading challenger","description":"for 8 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unfortunately?"},{"id":4627203,"gmtCreate":1623120482571,"gmtModify":1663228175948,"authorId":3573540190522229,"author":{"id":3573540190522229,"idStr":"3573540190522229","authorId":3573540190522229,"name":"Targarean","avatar":"https://community-static.tradeup.com/news/59de1c73df3e7e460bd84cc786850fa6","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.11","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117106462,"type":1,"supId":0,"prevId":0,"content":"Unfortunately so","text":"Unfortunately so","html":"Unfortunately so"},{"id":4631688,"gmtCreate":1623144705640,"gmtModify":1635332281095,"authorId":3573540190522229,"author":{"id":3573540190522229,"idStr":"3573540190522229","authorId":3573540190522229,"name":"Targarean","avatar":"https://community-static.tradeup.com/news/59de1c73df3e7e460bd84cc786850fa6","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.11","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117106462,"type":1,"supId":4627203,"prevId":0,"content":"For those who own airline stocks","text":"For those who own airline stocks","html":"For those who own airline stocks"}],"langContent":"CN"},{"id":117108764,"gmtCreate":1623120142058,"gmtModify":1704196494158,"author":{"id":"3582627680210298","authorId":"3582627680210298","name":"MT103","avatar":"https://static.tigerbbs.com/0444eb80cd59e967bc90239dbe923661","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3582627680210298","idStr":"3582627680210298"},"htmlText":"Just reopen travel and make everyone happy.","listText":"Just reopen travel and make everyone happy.","text":"Just reopen travel and make everyone happy.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/117108764","repostId":2141251669,"repostType":4,"repost":{"id":"2141251669","pubTimestamp":1623118680,"share":"https://ttm.financial/m/news/2141251669?lang=&edition=fundamental","pubTime":"2021-06-08 10:18","market":"hk","language":"en","title":"Cathay Pacific given extension to draw down $1 billion government loan","url":"https://stock-news.laohu8.com/highlight/detail?id=2141251669","media":"StreetInsider","summary":"(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to ex","content":"<p>(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, giving it more flexibility to manage liquidity.</p><p>The bridge loan was part of a $5 billion rescue package led by the Hong Kong government and Cathay's major shareholders Swire Pacific Ltd and Air China Ltd last year to help the airline weather the COVID-19 crisis.</p><p>Cathay Chief Executive Augustus Tang said in a statement the airline had not yet drawn down on the loan as it adopted a suite of measures to save cash, but the extension would give it more flexibility to manage its liquidity position.</p><p>Cathay had HK$28 billion of liquidity as of December 2020 and also raised HK$6.74 billion from a convertible bond issue in February and $650 million in a bond issue last month.</p><p>The airline's move to access as much liquidity as possible at a time when passenger numbers are down by more than 99% from 2019 levels follows a decision by rival Singapore Airlines Ltd last month to issue S$6.2 billion ($4.69 billion) of convertible bonds.</p><p>The Singapore Airlines convertible bonds, underwritten by majority shareholder Temasek Holdings, were an optional part of a state investor-led S$15 billion rescue package announced last year.</p><p>Both airlines lack domestic markets at a time when international borders are still largely shut.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta 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-Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18530876\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00293":"国泰航空"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18530876","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141251669","content_text":"(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, giving it more flexibility to manage liquidity.The bridge loan was part of a $5 billion rescue package led by the Hong Kong government and Cathay's major shareholders Swire Pacific Ltd and Air China Ltd last year to help the airline weather the COVID-19 crisis.Cathay Chief Executive Augustus Tang said in a statement the airline had not yet drawn down on the loan as it adopted a suite of measures to save cash, but the extension would give it more flexibility to manage its liquidity position.Cathay had HK$28 billion of liquidity as of December 2020 and also raised HK$6.74 billion from a convertible bond issue in February and $650 million in a bond issue last month.The airline's move to access as much liquidity as possible at a time when passenger numbers are down by more than 99% from 2019 levels follows a decision by rival Singapore Airlines Ltd last month to issue S$6.2 billion ($4.69 billion) of convertible bonds.The Singapore Airlines convertible bonds, underwritten by majority shareholder Temasek Holdings, were an optional part of a state investor-led S$15 billion rescue package announced last year.Both airlines lack domestic markets at a time when international borders are 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loan","url":"https://stock-news.laohu8.com/highlight/detail?id=2141251669","media":"StreetInsider","summary":"(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to ex","content":"<p>(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, giving it more flexibility to manage liquidity.</p><p>The bridge loan was part of a $5 billion rescue package led by the Hong Kong government and Cathay's major shareholders Swire Pacific Ltd and Air China Ltd last year to help the airline weather the COVID-19 crisis.</p><p>Cathay Chief Executive Augustus Tang said in a statement the airline had not yet drawn down on the loan as it adopted a suite of measures to save cash, but the extension would give it more flexibility to manage its liquidity position.</p><p>Cathay had HK$28 billion of liquidity as of December 2020 and also raised HK$6.74 billion from a convertible bond issue in February and $650 million in a bond issue last month.</p><p>The airline's move to access as much liquidity as possible at a time when passenger numbers are down by more than 99% from 2019 levels follows a decision by rival Singapore Airlines Ltd last month to issue S$6.2 billion ($4.69 billion) of convertible bonds.</p><p>The Singapore Airlines convertible bonds, underwritten by majority shareholder Temasek Holdings, were an optional part of a state investor-led S$15 billion rescue package announced last year.</p><p>Both airlines lack domestic markets at a time when international borders are still largely shut.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta 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-Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18530876\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00293":"国泰航空"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18530876","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141251669","content_text":"(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, giving it more flexibility to manage liquidity.The bridge loan was part of a $5 billion rescue package led by the Hong Kong government and Cathay's major shareholders Swire Pacific Ltd and Air China Ltd last year to help the airline weather the COVID-19 crisis.Cathay Chief Executive Augustus Tang said in a statement the airline had not yet drawn down on the loan as it adopted a suite of measures to save cash, but the extension would give it more flexibility to manage its liquidity position.Cathay had HK$28 billion of liquidity as of December 2020 and also raised HK$6.74 billion from a convertible bond issue in February and $650 million in a bond issue last month.The airline's move to access as much liquidity as possible at a time when passenger numbers are down by more than 99% from 2019 levels follows a decision by rival Singapore Airlines Ltd last month to issue S$6.2 billion ($4.69 billion) of convertible bonds.The Singapore Airlines convertible bonds, underwritten by majority shareholder Temasek Holdings, were an optional part of a state investor-led S$15 billion rescue package announced last year.Both airlines lack domestic markets at a time when international borders are 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Pacific given extension to draw down $1 billion government loan","url":"https://stock-news.laohu8.com/highlight/detail?id=2141251669","media":"StreetInsider","summary":"(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to ex","content":"<p>(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, giving it more flexibility to manage liquidity.</p><p>The bridge loan was part of a $5 billion rescue package led by the Hong Kong government and Cathay's major shareholders Swire Pacific Ltd and Air China Ltd last year to help the airline weather the COVID-19 crisis.</p><p>Cathay Chief Executive Augustus Tang said in a statement the airline had not yet drawn down on the loan as it adopted a suite of measures to save cash, but the extension would give it more flexibility to manage its liquidity position.</p><p>Cathay had HK$28 billion of liquidity as of December 2020 and also raised HK$6.74 billion from a convertible bond issue in February and $650 million in a bond issue last month.</p><p>The airline's move to access as much liquidity as possible at a time when passenger numbers are down by more than 99% from 2019 levels follows a decision by rival Singapore Airlines Ltd last month to issue S$6.2 billion ($4.69 billion) of convertible bonds.</p><p>The Singapore Airlines convertible bonds, underwritten by majority shareholder Temasek Holdings, were an optional part of a state investor-led S$15 billion rescue package announced last year.</p><p>Both airlines lack domestic markets at a time when international borders are still largely shut.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" 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href=https://www.streetinsider.com/dr/news.php?id=18530876><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18530876\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00293":"国泰航空"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18530876","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141251669","content_text":"(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, giving it more flexibility to manage liquidity.The bridge loan was part of a $5 billion rescue package led by the Hong Kong government and Cathay's major shareholders Swire Pacific Ltd and Air China Ltd last year to help the airline weather the COVID-19 crisis.Cathay Chief Executive Augustus Tang said in a statement the airline had not yet drawn down on the loan as it adopted a suite of measures to save cash, but the extension would give it more flexibility to manage its liquidity position.Cathay had HK$28 billion of liquidity as of December 2020 and also raised HK$6.74 billion from a convertible bond issue in February and $650 million in a bond issue last month.The airline's move to access as much liquidity as possible at a time when passenger numbers are down by more than 99% from 2019 levels follows a decision by rival Singapore Airlines Ltd last month to issue S$6.2 billion ($4.69 billion) of convertible bonds.The Singapore Airlines convertible bonds, underwritten by majority shareholder Temasek Holdings, were an optional part of a state investor-led S$15 billion rescue package announced last year.Both airlines lack domestic markets at a time when international borders are still largely shut.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4626970,"gmtCreate":1623119432951,"gmtModify":1635332693370,"authorId":3562844889124170,"author":{"id":3562844889124170,"idStr":"3562844889124170","authorId":3562844889124170,"name":"Prydeaux","avatar":"https://static.tigerbbs.com/4e1751a4d4fac98d06d321ef6407add9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117344410,"type":1,"supId":0,"prevId":0,"content":"Hi","text":"Hi","html":"Hi"}],"langContent":"EN"},{"id":117342778,"gmtCreate":1623119050994,"gmtModify":1704196470069,"author":{"id":"3561072096203079","authorId":"3561072096203079","name":"shwan","avatar":"https://static.tigerbbs.com/fb6398d4509a4b0dab2e079bf75c0660","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3561072096203079","idStr":"3561072096203079"},"htmlText":"Like and comment please","listText":"Like and comment please","text":"Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/117342778","repostId":2141251669,"repostType":4,"repost":{"id":"2141251669","pubTimestamp":1623118680,"share":"https://ttm.financial/m/news/2141251669?lang=&edition=fundamental","pubTime":"2021-06-08 10:18","market":"hk","language":"en","title":"Cathay Pacific given extension to draw down $1 billion government loan","url":"https://stock-news.laohu8.com/highlight/detail?id=2141251669","media":"StreetInsider","summary":"(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to ex","content":"<p>(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, giving it more flexibility to manage liquidity.</p><p>The bridge loan was part of a $5 billion rescue package led by the Hong Kong government and Cathay's major shareholders Swire Pacific Ltd and Air China Ltd last year to help the airline weather the COVID-19 crisis.</p><p>Cathay Chief Executive Augustus Tang said in a statement the airline had not yet drawn down on the loan as it adopted a suite of measures to save cash, but the extension would give it more flexibility to manage its liquidity position.</p><p>Cathay had HK$28 billion of liquidity as of December 2020 and also raised HK$6.74 billion from a convertible bond issue in February and $650 million in a bond issue last month.</p><p>The airline's move to access as much liquidity as possible at a time when passenger numbers are down by more than 99% from 2019 levels follows a decision by rival Singapore Airlines Ltd last month to issue S$6.2 billion ($4.69 billion) of convertible bonds.</p><p>The Singapore Airlines convertible bonds, underwritten by majority shareholder Temasek Holdings, were an optional part of a state investor-led S$15 billion rescue package announced last year.</p><p>Both airlines lack domestic markets at a time when international borders are still largely shut.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathay Pacific given extension to draw down $1 billion government loan</title>\n<style 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2022, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18530876\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00293":"国泰航空"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18530876","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141251669","content_text":"(Reuters) -Cathay Pacific Airways Ltd said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, giving it more flexibility to manage liquidity.The bridge loan was part of a $5 billion rescue package led by the Hong Kong government and Cathay's major shareholders Swire Pacific Ltd and Air China Ltd last year to help the airline weather the COVID-19 crisis.Cathay Chief Executive Augustus Tang said in a statement the airline had not yet drawn down on the loan as it adopted a suite of measures to save cash, but the extension would give it more flexibility to manage its liquidity position.Cathay had HK$28 billion of liquidity as of December 2020 and also raised HK$6.74 billion from a convertible bond issue in February and $650 million in a bond issue last month.The airline's move to access as much liquidity as possible at a time when passenger numbers are down by more than 99% from 2019 levels follows a decision by rival Singapore Airlines Ltd last month to issue S$6.2 billion ($4.69 billion) of convertible bonds.The Singapore Airlines convertible bonds, underwritten by majority shareholder Temasek Holdings, were an optional part of a state investor-led S$15 billion rescue package announced last year.Both airlines lack domestic markets at a time when international borders are still largely shut.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4626922,"gmtCreate":1623119176545,"gmtModify":1635332697443,"authorId":3562662036291129,"author":{"id":3562662036291129,"idStr":"3562662036291129","authorId":3562662036291129,"name":"Clarity","avatar":"https://static.tigerbbs.com/290bda4a10a88bafe28971dd816e57cc","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117342778,"type":1,"supId":0,"prevId":0,"content":"Reply please!","text":"Reply please!","html":"Reply please!"},{"id":4627004,"gmtCreate":1623119621220,"gmtModify":1635332689800,"authorId":3574939149444540,"author":{"id":3574939149444540,"idStr":"3574939149444540","authorId":3574939149444540,"name":"zolluA","avatar":"https://static.tigerbbs.com/3f8d93c1ba9f0a0ae56af713df14b69f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117342778,"type":1,"supId":4626922,"prevId":0,"content":"ok reply done","text":"ok reply done","html":"ok reply done"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":38,"commentSize":10,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}