Cathay Dragon eyes HK$30
billion order of aircraft, raising fleet investment by 50 per
cent
Cathay Pacific subsidiary eyes up to 32 new
planes in what would be largest order since 2000
Cathay Dragon is pumping an additional HK$10 billion into its programme to buy aircraft, bringing the total investment up to HK$30 billion as it seeks up to 32 new Airbus or Boeing planes.
Cathay Dragon is pumping an additional HK$10 billion into its programme to buy aircraft, bringing the total investment up to HK$30 billion as it seeks up to 32 new Airbus or Boeing planes.
The Asia-focused airline is seeking up to nine optional aircraft orders to be delivered ahead of the opening of the third runway at Hong Kong International Airport in 2024. The move by Cathay Dragon follows its initial HK$20 billion programme to replace its narrow-body aircraft.
Meanwhile, its sister airline, Cathay Pacific Airways, said it was committed to investing for its passengers in the face of a HK$575 million loss last year. It is seeking HK$4 billion in savings in the next three years.
Increasing aviation competition won't stop travellers coming to Hong Kong, former Cathay boss says
Extra money is being aimed at giving Cathay Pacific's older lounges a fresh makeover. The lounges have brought global awards to the airline, one of Asia's largest premium carriers.
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