It’s interesting that a bailout has been “ordered” given that the “mainland government” owns a rather sizable stake in Cathay Pacific through Air China’s holding. But there is room for both and competition is healthy. Having recently flown on a regional flight I was actually very impressed with the service onboard. Very good considering tickets are essentially cheaper than staff travel. That’s the rub of course. The company can’t simultaneously be raking in massive profits and require billions in bailouts. To state otherwise is nonsensical. Clearly there is trouble. The injection of funds is probably just part of the latest round of stimulus. Maybe instilling a little confidence in HNA’s continued ability to succeed worldwide...I’m sure they must be in the “too big to fail” category.