Despite a five per cent capacity reduction worldwide due to the slowdown, Hong Kong airline major Cathay Pacific is upbeat over business operations worldwide and is planning acquisition of new aircrafts.
The airline has already ordered 46 Boeing and Airbus passenger and freighter aircraft, as part of its plans to cut fuel costs. "A minimum of 20 per cent on fuel consumption cost can be saved with newer aircrafts", Cathay Pacific Airways Ltd (India, Middle East, Africa and Pakistan) General Manager Tom Wright told PTI.
Of these aircraft, 27 would be passenger jets, he said.
On the impact of the slowdown, he said Cathay Pacific had seen a 30 per cent drop in business class travellers early this year. "Things were very bad (early this year). There are some signs that things are improving more on the corporate side", he said.
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