AVIATION | Staff Reporter, Hong Kong

Cathay Dragon to raise fleet investment by 50%

It eyes ordering up to 32 planes.

According to a report from South China Morning Post, Cathay Pacific subsidiary Cathay Dragon is pumping an additional HK$10 billion into its programme to buy aircraft, bringing the total investment up to HK$30 billion as it seeks up to 32 new Airbus or Boeing planes.

The Asia-focussed 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$20 billion programme to replace its narrow-body aircraft.

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