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The restructuring is aimed at reducing Cathay Pacific’s cash burn to 500 million Hong Kong dollars ($64.5 million) a month, from about 1.5 billion Hong Kong dollars ($193.5 million) to 2 billion Hong Kong ($258 million) dollars a month currently, the company said.

Cathay Pacific cuts 8,500 jobs, shutters regional airline →

Cathay Pacific said it plans executive pay cuts and a second voluntary leave scheme for employees on top of earlier cost-cutting measures.

Hong Kong OKs $5 billion bailout for Cathay Pacific Airways →

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