U.S. markets closed

Cathay May Need to Change Business Model: United First Partners

Jun.09 -- Justin Tang, head of Asian research at United First Partners, discusses the prospects for Cathay Pacific Airways Ltd., which became the latest global carrier to receive a lifeline to get through the coronavirus pandemic. Cathay said Tuesday its plan to raise HK$39 billion ($5 billion) from the Hong Kong government and shareholders was necessary to avoid collapse. Tang speaks on "Bloomberg Markets: Asia."