Cathay Pacific announced a HK$39 billion ($5 billion) recapitalisation plan on Tuesday with Hong Kong's government providing loans in exchange for a stake in the company as it battles a crippling downturn caused by the coronavirus. "Cathay Pacific has explored available options and believes that a recapitalisation is required to ensure it has sufficient liquidity to weather this current crisis," the flagship Hong Kong carrier said in a statement to the city's stock exchange. jta/dan