Exclusive | Hong Kong’s Cathay Dragon plans HK$20b aircraft replacement programme
Sister airline of Cathay Pacific will opt for new Airbus or Boeing aircraft in move which could see it extend its regional range

Cathay Dragon is planning a bumper order of 23 new Airbus or Boeing planes to replace its ageing single-aisle aircraft in a potential HK$20 billion deal.
The modernisation drive comes amid a slowdown in business this year for aircraft manufacturers. With expensive new planes losing their shine at a time of economic and political uncertainty and old, fuel-hungry jets becoming more cost-effective with low oil prices, airlines have deferred deliveries or even cancelled orders.
Bucking the trend, Cathay Dragon is investing billions in new aircraft despite a tough financial year that forced its parent company, the Cathay Pacific Group, to scrap profitability forecasts.