Cathay Pacific Group reported HK$9.9 billion (US$1.3 billion) in net loss for the first six months as the carrier felt the impact of Covid-19, with group chairman Patrick Healy describing the half-year period as the most challenging in its 70-year history. Net loss from Cathay Pacific and its Cathay Dragon unit amounted to HK$7.36 billion (US$950 million) in the first half, and the share of losses from other subsidiaries and associates was at HK$2.5 billion (US$320 million). Only … [Read more...] about Cathay Pacific takes net loss as carrier’s focus pivots to cargo
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Air Hong Kong
Air Hong Kong will continue to support DHL Express’s growth
DHL Express has extended its partnership with AHK Air Hong Kong Limited with a new 15-year block-space agreement which will enable the carrier’s overnight air services to continue supporting the DHL Express network until 2033. As part of the new commercial arrangements, DHL will sell its 40% stake in Air Hong Kong to majority-owner Cathay Pacific, and purchase eight of Air Hong Kong’s A300-600F cargo planes which will then be leased back to the carrier. The new … [Read more...] about Air Hong Kong will continue to support DHL Express’s growth
DHL ups capacity on its Asia Air Network
Robust intra-Asian volumes have led DHL to increase capacity between Hong Kong and Singapore, which it serves through Air Hong Kong, a joint venture between Cathay Pacific and DHL. A 110 tonne capacity Boeing 747-400F will replace the current 45 tonne capacity A300-600F, and will operate between both cities six days a week, more than doubling capacity on the SIN-HKG route, a vital link for Intra-Asia trade, DHL said. “The Boeing 747-400F service will link DHL’s Central Asia Hub … [Read more...] about DHL ups capacity on its Asia Air Network
DHL ups capacity on its Asia Air Network
Robust intra-Asian volumes have led DHL to increase capacity between Hong Kong and Singapore, which it serves through Air Hong Kong, a joint venture between Cathay Pacific and DHL. A 110 tonne capacity Boeing 747-400F will replace the current 45 tonne capcity A300-600F, and will operate between both cities six days a week, more than doubling capacity on the SIN-HKG route, a vital link for Intra-Asia trade, DHL said. “The Boeing 747-400F service will link DHL’s Central Asia Hub … [Read more...] about DHL ups capacity on its Asia Air Network
