|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||4.5000 - 4.6600|
|52 Week Range||3.2500 - 5.5000|
|Beta (5Y Monthly)||1.30|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.50 (10.76%)|
|Ex-Dividend Date||Aug 12, 2020|
|1y Target Est||N/A|
Merlin Swire’s appointment as chair of the storied Hong Kong trading house in 2018, which bears his family’s name, was billed as the beginning of the group’s “next chapter”. The 47-year-old was the first member of the family since the 1860s to hold the role of “taipan”, the traditional name for the head of a British-owned, colonial-era Hong Kong trading house. It announced last month that he would be returning to London to run the Swire holding company, leaving the airline-to-property group, whose flagship is Cathay Pacific Airways, facing some of the biggest challenges in its history.
The bridge loan was part of a $5 billion rescue package led by the Hong Kong government and Cathay's major shareholders Swire Pacific Ltd and Air China Ltd last year to help the airline weather the COVID-19 crisis. Cathay Chief Executive Augustus Tang said in a statement the airline had not yet drawn down on the loan as it adopted a suite of measures to save cash, but the extension would give it more flexibility to manage its liquidity position.
(Reuters) -Hong Kong's Cathay Pacific Airways Ltd has resumed recruiting pilots with residency rights in the territory as part of medium- to long-term planning, the airline said on Tuesday, despite having much of its fleet parked due to the pandemic. The move, which came just weeks after Cathay said it would close a pilot base in Canada and hours before the airline on Tuesday evening said it would proceed with plans to shut its pilot bases in Australia, points to a move away from a long-term strategy of employing many expatriates. Last year Cathay closed its regional arm Cathay Dragon, putting hundreds of pilots out of work, many of them citizens and permanent residents in Hong Kong.