You are here

PREMIUM

Cathay delays Airbus deliveries to stem crippling cash drain

BT_20200723_CATHAY_4183056.jpg
Cathay has been losing as much as HK$3 billion a month recently as the coronavirus outbreak led to a collapse in passenger traffic.

Singapore

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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes