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Cathay delays Airbus deliveries to stem crippling cash drain

Cathay has been losing as much as HK$3 billion a month recently as the coronavirus outbreak led to a collapse in passenger traffic.


CATHAY Pacific Airways Ltd agreed with Airbus SE to delay deliveries of aircraft by as much as two years in a move that could cut the carrier's monthly cash losses in half while the coronavirus pandemic slams the aviation industry.

Deliveries of A350-900s and A350-1000s...

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