By Dominic Lalk
It’s been a sobering week for Hong Kong’s Cathay Pacific Airways as the legacy carrier announced its first full-year loss since 2008 after punitive fuel hedging contracts took their toll on the airline’s bottom line.
Also in Hong Kong, the mood was much lighter and more positive as Qantas Airways CEO, Alan Joyce, received the Orient Aviation Person of the Year Award for his contributions to the industry at the city’s China Club on Thursday night. The event was co-sponsored by Airbus and Boeing.
Boeing China also had a good week with the disclosure of an order for 30 B737MAXs from China Development Bank’s leasing arm and news emerged that the U.S. OEM will break ground on its B737 completion facility in the China’s Zhoushan later this month.
After a rocky February, Airbus also has reason to celebrate this week. The European aircraft maker secured an important contract from South Korean start-up, KAIR, securing it early-mover advantages with the Cheongju-based airline.
Air India is asking lessors for proposals for six widebodies, American Airlines received an extension on its failed Beijing-Los Angeles launch and China Eastern Airlines will add a Shanghai-Houston route toits network.
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