Cathay Pacific given extension to draw down US$1 billion government loan

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HONG KONG: Cathay Pacific Airways said on Tuesday (Jun 8) that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion (US$1.01 billion) loan facility by a year to June 2022, giving it more flexibility to manage liquidity. The bridge loan was part of a US$5 billion …