Hong Kong’s financial secretary Paul Chan said on June 9, 2020 that the government’s HK$30 billion bailout of Cathay Pacific is necessary to protect the city’s economic interest. The government has said it will not get involved in Cathay Pacific’s daily operations or management after it offered a bailout package worth nearly HK$30 billion (US$3.87 billion) in loans and equity, lending its full backing for the city to remain an international aviation hub. The government’s offer comprises the…