{"id":1944989,"date":"2023-06-06T07:26:02","date_gmt":"2023-06-06T11:26:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cathay-pacific-to-pay-deferred-dividend-to-hk-govt-as-operations-return-to-normal\/"},"modified":"2023-06-06T07:28:42","modified_gmt":"2023-06-06T11:28:42","slug":"cathay-pacific-to-pay-deferred-dividend-to-hk-govt-as-operations-return-to-normal","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cathay-pacific-to-pay-deferred-dividend-to-hk-govt-as-operations-return-to-normal\/","title":{"rendered":"Cathay Pacific to pay postponed dividend to HK government as operations resume."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcathay-pacific-to-pay-deferred-dividend-to-hk-govt-as-operations-return-to-normal%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1944989&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Cathay Pacific to Pay Deferred Dividend to Hong Kong Government<\/h2>\n<blockquote>\n<p>(Reuters) \u2013 Cathay Pacific Airways Ltd announced on Tuesday that it will pay the deferred dividend of HK$1,524.1 million ($194.35 million) on the preference shares held by the Hong Kong SAR (HKSAR) government on June 30. The airline also intends to pay all future preference shares dividends as they fall due, it said.<\/p>\n<\/blockquote>\n<p>This is great news for Cathay Pacific as the global air travel industry recovers from the border closures and other disruptions caused by the pandemic. The Hong Kong government had made investments in Cathay Group to support the flagship carrier and the Hong Kong international aviation hub through the COVID-19 crisis.<\/p>\n<p>Cathay Pacific also announced that it would not need to utilise the HK$7.<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cathay-pacific-to-pay-deferred-dividend-to-hk-govt-as-operations-return-to-normal\/\" title=\"Cathay Pacific to pay postponed dividend to HK government as operations resume.\">8 billion bridge loan facility extended<\/a> to it by the HKSAR government, which is set to expire on Thursday. \u201cAs travel restrictions get lifted and travel demand returns, our group, further to being overall operating cash generative in 2022, has continued to be operating cash generative so far in 2023,\u201d said Chief Executive Officer Ronald Lam.<\/p>\n<p>Hong Kong\u2019s flagship carrier is currently targeting to operate around 70% of pre-pandemic passenger flight capacity by the end of 2023, with the aim of returning to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/south-dakota-lowers-unemployment-to-pre-pandemic-levels-after-state-rejected-lockdowns\/\" title=\"South Dakota Lowers Unemployment to Pre-Pandemic Levels After State Rejected Lockdowns\">pre-pandemic levels<\/a> by the end of 2024. ($1 = 7.8420 Hong Kong dollars)<\/p>\n<h3>Other News:<\/h3>\n<ul>\n<li>A new cast of characters enter an already <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/daily-feed-6-5-23\/\" title=\"Daily update 6\/5\/23\">crowded 2024 election roster<\/a>.<\/li>\n<li>Defense Secretary Lloyd Austin meets with officials in India to support relations between the two countries.<\/li>\n<li>California is now considering a bill, AB 665, that would send children as young as 12 years old to group home without parents permission.<\/li>\n<li>Violent crime continues to plague San Francisco.<\/li>\n<li>Taiwan chipmaker TSMC is feeling \u201cgood\u201d about talks towards setting up its first European factory in Germany.<\/li>\n<li>Hong Kong\u2019s central bank plans to test the use of its digital currency under\u2026<\/li>\n<li>Investors have pulled around $780 million from crypto exchange Binance in the last 24 hours, data firm Nansen said\u2026<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Cathay Pacific will pay the deferred dividend of HK$1,524.1m ($194.35m) to the Hong Kong SAR government on 30 June. The airline also plans to pay all future preference shares dividends as they become due.<\/p>\n","protected":false},"author":66,"featured_media":1944990,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[20927,20808,5045,7229,18160,5280,13084,3824],"class_list":["post-1944989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-cathay","tag-dividend","tag-government","tag-operations","tag-pacific","tag-pay","tag-postponed","tag-resume"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1944989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1944989"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1944989\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1944990"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1944989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1944989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1944989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}