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Cathay Pacific to save HK$2.2 billion by changing investment in new planes

  • Thu, 14 Sep 2017 06:48
Cathay Pacific Airways has said it will save HK$ 2.2 billion (US$ 288 million) by delaying the delivery of long-haul aircraft and switching to smaller long-range planes as the company confirmed a HK$ 31.7 billion order for 32 short-haul aircraft. Hong Kong’s flagship airline said it would tinker with its multibillion dollar investment in new planes, in an announcement to the stock exchange on Wednesday. The airline is cutting costs and restructuring in a bid to return to profit after... South China Morning Post - Hong Kong feed

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