Audio By Carbonatix
Hong Kong’s Cathay Pacific Airways Ltd on Monday said it would sell six Boeing 777-300ER aircrafts and its associated equipment for $703.8 million to BOC Aviation Ltd.
The sale will enable Cathay Pacific to realize cash which will be used towards its general working capital requirements, the company said in a statement.
The carrier last week warned of a substantial loss in the first half of the year and flagged more cuts in flights due to the “unprecedented challenge” from the coronavirus outbreak that has forced it to ground more than half of its fleet.
Cathay said it would lease the aircrafts back from BOC Aviation.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Twelve Tribes of Israel Ghana to mark 40 years with anniversary celebration
33 minutes -
GPL 2026/27: Hearts held by Bechem as Kotoko, Samartex share spoils
54 minutes -
My Story (Kwaku Antwi-Boasiako)
60 minutes -
We expect growth rate to re-accelerate in second-half of 2026 – IC Insights
1 hour -
The ungodliness and unrighteousness underlying the National Cathedral mess!
1 hour -
T-bills auction: Government fails to achieve target; yield on 91-day-bill remains unchanged
1 hour -
It’s Ghana’s shame to denigrate Nkrumah when the whole world honours him as African of the Century – Asiedu Nketiah
2 hours -
No other nationalist can compare to Nkrumah – Asiedu Nketiah
2 hours -
Collateral Registry: Foreign banks accounted for GH¢19.9bn of secured credit in quarter 2, 2026
2 hours -
This government should expect scrutiny – Asiedu Nketiah
2 hours -
Two-year-old girl dies in domestic fire at Cantonments
3 hours -
Asiedu Nketiah urges better working conditions for journalists
3 hours -
JoyNews’ Precious Semevoh wins climate change reporting award at Bono GJA Awards
3 hours -
Kumasi Central Market phase 2 to begin in October after years of abandonment
3 hours -
Sentuo offers fuel supply reassurance as NPA sees steady output through December
4 hours