Lam was referring to the government’s multibillion-dollar bailout plan to help keep the company afloat in 2020 during the Covid pandemic, which hit global travel hard.
“Now that the firm is making massive profits, shouldn’t Hong Kong residents be given some concessions such as in the form of ticket discounts or rebates, as they really had a hard time during Covid-19?” he said. “It should give back to the community.”
Hong Kong government hits out at Cathay over 786 flight cancellations in 2 months
Hong Kong government hits out at Cathay over 786 flight cancellations in 2 months
Preference shares worth HK$19.5 billion were issued to the government as part of the recapitalisation deal agreed during the pandemic. In December last year, Cathay…
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