Hong Kong Govt to Lead Cathay Pacific Bailout Package: SCMP

A passenger walks to the First Class counter of Cathay Pacific Airways at Hong Kong Airport in Hong Kong, China on April 4, 2018. Bobby Yip/Reuters

SYDNEY—Hong Kong’s government will lead a near HK$30 billion ($3.9 billion) bailout package for Cathay Pacific Airways Ltd. giving it two observer seats in the boardroom, the South China Morning Post reported on Tuesday, citing sources.