Like Tree22Likes

Cathay Pacific: Bailed out ...

Closed Thread
Page 4 of 5 FirstFirst 1 2 3 4 5 LastLast
  1. #31

    Join Date
    Dec 2013
    Location
    Hong Kong
    Posts
    12,323

    Delete


  2. #32

  3. #33

    As someone who was a regular flier (and hopes to be again), this is good news. The last thing our troubled city needs right now is its only major airline to go broke leaving us at the whim of overseas airlines or being permanantly reduced to a rump of what it once was.

    As a tax payer, I have mixed feelings but can see the "public need" argument for supporting the airline. Other countries have done the same so it's not like the HKSAR is boldly going where no government has gone before and, quite frankly, Cathay is a lot more important that Ocean Park.

    HK_Katherine and chuckster007 like this.

  4. #34

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    47,971

    This one has been doing the rounds ... not sure what the source is.

    HK_Katherine likes this.

  5. #35
    Quote Originally Posted by shri:
    This one has been doing the rounds ... not sure what the source is.

    It's from one of the announcements.

    As far as shareholders are concerned, the dilution factor is not nearly as bad as many would have expected.
    shri and HK_Katherine like this.

  6. #36

    Join Date
    Oct 2007
    Posts
    1,896
    Original Post Deleted
    As opposed to having to cover the losses entirely themselves or declare the airline insolvent - bet your ass they do.
    GentleGeorge likes this.

  7. #37

    Join Date
    Aug 2013
    Location
    The World
    Posts
    1,948

    Basic Law requires HK to be an aviation hub - arguably it would be a breach if the government let CX fail.


  8. #38

    Join Date
    Oct 2006
    Location
    Hong Kong
    Posts
    15,557
    Original Post Deleted
    Not Air China, but the CCP.

  9. #39

    Join Date
    Nov 2005
    Location
    Cramped island
    Posts
    5,585
    Quote Originally Posted by traineeinvestor:
    It's from one of the announcements.

    As far as shareholders are concerned, the dilution factor is not nearly as bad as many would have expected.
    more than half the money are in loans and pref shares, so that makes the dilution fine.. the pref shares interest is stepped up after 3 years annually.. i think 7% long term if uncalled.

  10. #40

    Join Date
    Nov 2005
    Location
    Cramped island
    Posts
    5,585

    Anyway overall seems like abit replicating what Temasek did for Singapore Airlines.. over there the firepower is much stronger and they already have a proper setup to underwrite all the rights and pref shares, so less controvesial.

    shri likes this.