The notion Cathay had accepted usurious conditions forced on them by the HK government is self-defeating. If you want to kill off a dying company you obviously don't inject cash into it first.
Governments all over the world supported local airlines and other companies in times of force majeur, not really surprising HK followed that path.Additionally, if borders remain closed the credit line will obviously be extended or altered.
I recommend the stock price as indicator. Cathay is up 10% YTD. The credit conditions can't be that ominous.
Last edited by Sam Ting Wong; 11th Feb 2022 at 06:38.