Cathay Dragon eyes HK$30b order of aircraft

Cathay Dragon is pumping an additional HK$10b into its programme to buy aircraft, bringing the total investment up to HK$30b as it seeks up to 32 new Airbus or Boeing planes. The Asia-focused airline is seeking up to nine optional aircraft orders to be delivered ahead of the opening of the third runway at Hong Kong International Airport in 2024. The move by Cathay Dragon follows its initial HK$20b programme to replace its narrow-body aircraft. Meanwhile, its sister airline, Cathay Pacific, said it was committed to investing for its passengers in the face of a HK$575m loss last year. It is seeking HK$4b in savings in the next three years. Increasing aviation competition won’t stop travellers coming to Hong Kong, former Cathay boss says Extra money is being aimed at giving Cathay Pacific’s older lounges a fresh makeover. The lounges have brought global awards to the airline, one of Asia’s largest premium carriers. Cathay Pacific lounges in Shanghai, Beijing and Seoul are set to be renovated by 2019, while a new facility in Singapore and the latest Hong Kong airport lounge makeover are due to be unveiled later this year. The airline’s product general manager, James Evans, said the company was “committed to investing for the customer as we continue our review to renew Cathay Dragon’s narrow-body fleet and expand our acclaimed airport lounges”.<br/>