Cathay Pacific: More Aircraft Will Be Transferred Back To Hong Kong Based On Operational Needs

Cathay Pacific: More aircraft will be transferred back to Hong Kong based on operational needs

News from Civil Aviation Resources Network on March 9, 2023: Cathay Pacific announced that by the end of last year, the balance of available unrestricted working capital was 27.19 billion yuan, a year-on-year decrease of 10%. Among them, the working capital was 18.28 billion yuan, a year-on-year decrease of more than 5%; the unused credit already assumed was 9.03 billion yuan, a year-on-year decrease of about 19%. Cheap Heliport Touchdown Light,taxiway middleline light price,runway middleline light factory,High Intensity Type A suppliers,taxiway perimeter light factory.

Chairman He Yili stated in the performance report that the difficult operating environment at the beginning of last year had a negative impact on monthly operating cash consumption. However, as the Hong Kong government adjusted travel restrictions and quarantine requirements starting in May, the Group returned to positive operating cash flow in the first half of the year, and continued to maintain positive operating cash flow in the second half of the year and throughout the year.

In terms of fleet, as of the end of last year, it had 222 aircraft, of which Cathay Pacific accounted for 181 and Hong Kong Express accounted for 26. As the group resumed capacity, 24 aircraft parked outside the country were reactivated last year. By the end of last year, there were still 41 passenger planes parked outside Hong Kong, and more planes will be brought back according to operational needs.

Cathay Pacific received 5 new aircraft last year, and expects to receive another 11 new aircraft this year, emphasizing that it has sufficient financing capabilities to provide funds for fleet investment.