Cathay Group in Hong Kong

Cathay Group has announced a strategic investment exceeding HK$100 billion ($12.8 billion) over the next seven years to enhance customer experience and solidify Hong Kong's status as an international aviation hub, coinciding with the upcoming Three-Runway System. This investment includes the purchase of 30 Airbus A330-900 aircraft, with an option for an additional 30, aimed at modernizing its fleet and improving operational capabilities. The new aircraft will primarily serve regional destinations in Asia and are expected to be delivered starting in 2028. The fleet expansion is part of a broader plan that encompasses over 100 new-generation aircraft in the pipeline, promoting sustainability through improved fuel efficiency. Despite a 15% drop in profit in the first half of the year, Cathay reported a 14% increase in total revenue, driven by post-COVID travel demand. The airline aims to reach pre-pandemic passenger levels by 2025, highlighting its commitment to recovery and growth.