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Trading halt today as rumours swirl....

Fragrant Harbour A forum for the large number of pilots (expats and locals) based with the various airlines in Hong Kong. Air Traffic Controllers are also warmly welcomed into the forum.

Trading halt today as rumours swirl....

Old 9th Jun 2020, 06:09
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Join Date: Oct 2011
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Trading halt today as rumours swirl....

Do you people have any qualms about working totally for the communists????

Can't share the Bloomberg link because this forum says I need more posts...🤔
Ruprect75 is offline  
Old 9th Jun 2020, 07:05
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Join Date: Mar 2000
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Originally Posted by Ruprect75 View Post
Do you people have any qualms about working totally for the communists????

Can't share the Bloomberg link because this forum says I need more posts...🤔
As long as they pay me on time...
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Old 9th Jun 2020, 07:20
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Join Date: Apr 2002
Location: Hong Kong
Age: 64
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From Forbes...although understand it is a straight loan via pref shares not common shares. Current common shareholders to be diluted in the ratio of 7/11.

Hong Kong Bailout For Cathay Pacific Avoids Air China Takeover


The Hong Kong government’s HK$29 billion (US$3.8 billion) bailout of Cathay Pacific gives needed cash without major shareholder Air China taking over the airline in a move neither carrier or government seems prepared for in the current sensitive political and financial environment.

Hong Kong had been an exception to major governments giving large loans or grants to airlines in the wake of the coronavirus crisis. Cathay was gradually being encircled by competitors, within Asia and further flung, with fresh cash to steer them through aviation’s worst downturn.

Cathay’s HK$39 billion (US$5 billion) recapitalisation is mostly in the form of new equity and is led by the Hong Kong government. Its future ownership structure will not significantly change as the Hong Kong government gains a 6.1% stake.
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Old 9th Jun 2020, 11:25
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Join Date: Jul 2018
Location: All over
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WooHoo ! Gettin' a bailout !

(looks like the financial geniuses couldn't get a floater from the various Uncle Pete's)

No need to talk concessions; we got plenty of cash to tide us over until things relight. Just gotta make sure upper management doesn't force our snouts outta the trough in order to pad THEIR bonuses and buy a new yacht.
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Old 9th Jun 2020, 12:51
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Join Date: Mar 2010
Location: In the twilight zone
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And what would be the outcome of an Air China takeover? Would that be good or bad for CX personnel?
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Old 9th Jun 2020, 14:22
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Join Date: May 2012
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Originally Posted by The Range View Post
And what would be the outcome of an Air China takeover? Would that be good or bad for CX personnel?
Air China holds a slightly smaller percentage of us today so the point is not even moot.
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Old 10th Jun 2020, 07:55
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Join Date: May 2007
Location: CLK
Posts: 308
Bailout amount is uncannily similar to the US$ amount lost on fuel hedging......
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Old 10th Jun 2020, 13:21
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Join Date: Nov 2007
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Perhaps Merlin should dip into the Family 5billion treasure chest…………..
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