Cathay Pacific orders 100 new aircraft, to start deliveries this year

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Cathay Pacific orders 100 new aircraft, to start deliveries this year - Business Standard

Quick Summary:

Rakesh Raicar, Cathay's Regional General Manager South Asia, Middle East, and Africa, said the airline expects 25 per cent growth in cargo this year from South India pinning hopes on exports of Apple products and pharma, among others.

Cathay Pacific has placed 100 new generation aircraft as part of its HKD 100 billion (at current rate USD 12.86 billion) investment plan for the next five years, a senior official of the Hong Kong flag carrier has said.

Raicar, in a press conference on Thursday, said the three cities - Chennai, Bangalore and Hyderabad constituted 43 per cent of the total over 1.30 lakh tonne of cargo it handled last year.