|For Immediate Release||9 June 2020|
Swire Pacific fully supports the recapitalisation plan announced by Cathay Pacific Group (“the Group”) today. The plan will maintain the Group’s competitiveness and operations amidst the unprecedented challenges to the global travel market. As a long-term shareholder, we have an unwavering commitment to the Group and will take up our full entitlement in the proposed rights issue.
Cathay Pacific plays a critical role in Hong Kong and the region. It is strategically poised to benefit from the opportunities presented by the Greater Bay Area, which will be the growth engine for the world economy over the next few decades. With its strong brand and world-leading premium service offering, we have full confidence in the long-term future of Cathay Pacific Group and the important role it plays within Hong Kong.