, Hong Kong

Cathay Pacific considers drier storage options for unused planes

It is examining plans to store more than 50 widebody aircraft out of 236 planes outside Hong Kong.

Hong Kong’s Cathay Pacific Airways said on 6 July that it was evaluating whether to send some of its aircraft to less humid locations for storage as it reviews the size of its fleet in light of the fall in demand due to the pandemic.

Rivals Singapore Airlines, Qantas Airways and Air New Zealand have already sent some long-haul planes to desert locations in Australia and the United States for long-term storage and possible early retirement in expectation the demand slump will be prolonged.

Cathay is examining plans to store more than 50 widebody aircraft from its fleet of around 236 planes outside Hong Kong in less humid locations like Dubai and the Australian desert, a source familiar with the matter told Reuters on condition of anonymity.

Cathay declined to comment on the number being considered for storage but said they were from a number of different fleets within the group, which operates the Cathay Pacific, Cathay Dragon and Hong Kong Express brands.

“We are exploring alternative locations beyond Hong Kong’s humid summer climate that can provide appropriate conditions for our aircraft while they are not flying,” Cathay said in a statement in response to questions from Reuters.

Read more from Reuters.

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Delta Global partners with HK leaders on sustainable retail
Hong Kong consumers' environmental awareness has only increased by 25% over the past two years.   Luxury sustainable packaging expert Delta Global has partnered with Hong Kong's key sustainability leaders to form the Sustainable Retail Collective to help fashion retail brands improve their sustainability practices ahead of the Municipal Solid Waste (MSW) charging scheme.
Retail
HKIA alerts on fraudulent payment invoices
The HKIA not issue invoices for anything named "Insurance Authority Certificate" or "Capital Insurance Certificate." 
Insurance