Transpac container service closures mount
As spot freight rates on the transpacific trade continue to weaken, the number of service ...
Cathay Pacific will be operating all its aircraft again by the end of next year, CEO Ronald Lam said this week, noting “light at the end of the tunnel”.
Cathay still has 67 inactive aircraft, according to CH Aviation’s database, of which 11 are under maintenance. The others, which include nine A330-300s and 22 777s, are stored in Hong Kong, Alice Springs, Ciudad Real and Xiamen.
Last month saw Cathay Cargo, as it is now branded, carry nearly 60% more freight than a ...
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