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Cathay Pacific to cut workforce by nearly a quarter
22/10/2020 | LE JOURNAL DE L'AVIATION | AIR TRANSPORT

Cathay Pacific announced plans Wednesday to cut its workforce by nearly a quarter and close one of its short-haul airlines in an effort to survive the "devastating" i...


Cathay Pacific unveils US$5 billion bailout plan
10/06/2020 | LE JOURNAL DE L'AVIATION | AIR TRANSPORT

Troubled Hong Kong airline Cathay Pacific announced a HK$39 billion ($5 billion) government-led bailout plan on Tuesday as it battles a crippling downturn caused by t...


11/03/2020 | LE JOURNAL DE L'AVIATION | AIR TRANSPORT

Cathay Pacific on Wednesday said profits plunged in 2019 as it reeled from political unrest in Hong Kong, while it warned financial losses lay ahead owing to the spread of the new coronavirus.The flagship carrier was battered throughout the second half of last year as violent pro-democracy prote...


Cathay Pacific to buy budget airline HK Express for $628 mn
27/03/2019 | LE JOURNAL DE L'AVIATION | AIR TRANSPORT

Hong Kong flag carrier Cathay Pacific said on Wednesday it will buy budget airline HK Express for more than US$600 million as it moves to counter competition from the...


15/03/2018 | LE JOURNAL DE L'AVIATION | AIR TRANSPORT

Hong Kong flag carrier Cathay Pacific on Wednesday booked the first back-to-back annual loss in its seven-decade history but said it was in the black for the second half and was upbeat about the next year.The firm's report was its worst since 2008 during the global financial crisis, as lower-cos...


09/10/2017 | AEROCONTACT | INDUSTRY / TECHNOLOGY

The Cathay Pacific Group and CFM International have finalized an order for the advanced LEAP-1A engine to power the Group's 32 new Airbus A321neo aircraft. The engine order is valued at nearly US$1 billion at list price, with delivery scheduled from 2020.The aircraft will be operated by Catha...


Cathay Pacific finalises order for 32 A321neo aircraft
14/09/2017 | AEROCONTACT | INDUSTRY / TECHNOLOGY

World’s most efficient single-aisle for operation by Cathay DragonCathay Pacific Airways has finalised an order with Airbus for 32 A321neo single-aisle aircraft....


Cathay Pacific Group signs MOU for 32 A321neo aircraft
22/08/2017 | AEROCONTACT | INDUSTRY / TECHNOLOGY

World's most efficient single-aisle selected for fleet renewal at Cathay DragonCathay Pacific Group has signed a Memorandum of Understanding (MOU) with Airbus for ...


17/03/2017 | LE JOURNAL DE L'AVIATION | AIR TRANSPORT

Hong Kong's troubled flagship airline Cathay Pacific said Friday it would slash staff costs by 30 percent as part of a major overhaul as it struggles to repair its bottom line. The announcement came two days after the firm posted its first annual net loss in eight years, saying it had been hit b...


15/03/2017 | LE JOURNAL DE L'AVIATION | AIR TRANSPORT

Hong Kong's troubled flagship airline Cathay Pacific on Wednesday posted its first annual loss since the height of the financial crisis as it was hit by "intense competition" and a drop in demand from business travellers.The firm is struggling despite an expansion of international air travel in ...