By Dominic Lalk
On Wednesday, Hong Kong’s Cathay Pacific Group announced a net loss of HK$263 million (US$33.5 million) for the first six months of 2018, a significant improvement over last year’s net loss of HK$2,051 million for the same months.
Across the border, both Air China and Sichuan Airlines took deliveries of their first A350XWBs this week. In Tokyo, Japan Airlines formally launched its new long-haul low-cost-carrier. The oneworld member also announced a Sino-Japanese joint venture with Shanghai’s China Eastern Airlines.
In other news, Biman Bangladesh Airlines has ordered three Bombardier Q400s, Indonesia’s TransNusa will take delivery of three additional ATR72-600s, Korean Air has announced a B787-9 route to Boston,Turkish Airlines will fly its -9s to Denpasar next year and Japan’s ORIX Corporation will purchase 30% of HNA Group’s aircraft lessor, Avolon.
Cathay Pacific narrows first half net loss to US$33.5 million Read More »