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China Eastern Airlines and China Southern Airlines achieved a record high in procurement at the Import Expo, while Cathay Pacific Airways showcased all new achievements.
During the 7th CIIE, China Eastern Airlines and China Southern Airlines respectively reached procurement amounts of 2.856 billion US dollars and 1.549 billion US dollars.
Express News | Jiangxi Guotai Group CEO: Currently actively establishing contact with COMAC.
Cathay Pacific (00293.HK) plans to start negotiations next year to purchase long-haul aircraft.
Cathay (00293.HK) CEO of Operations and Airline Services, Ma Ho-yin, stated that they plan to start negotiations for purchasing long-haul aircraft from next year to prepare for the growth of the next decade. When considering purchases, they will evaluate aircraft of different sizes, from smaller Boeing 787 wide-body aircraft to the large Boeing 777-9. He also mentioned that Cathay's business is gradually recovering, with the impact of the COVID-19 pandemic on global travel diminishing, and the current operating level is about 90% of pre-pandemic levels.
Cathay Pacific Eyes Talks for New Long-Range Jet Order From 2025
Direct land passenger transport from Macau to Hong Kong Airport is on the rise, with an expected annual passengers carried of approximately 0.2 million.
According to the report, Chen Wenyu, Deputy General Manager of the cross-border land passenger transport company in Hong Kong and Macau, stated that this year the company's passenger transport growth trend is better than last year, with the 'Hong Kong-Macau Express' passenger volume increasing by about 30% annually. The seat occupancy rate on holiday routes is 70% to 80%, while on weekdays it is about 40%, basically meeting the current passenger demand.
Mox Bank achieved profitability in 2026 and will continue to explore the possibility of opening physical branches.
Standard Chartered (02888.HK) owned digital bank Mox Bank has partnered with Cathay (00293.HK) and Mastercard (MA.US) to launch credit card sign-up and earn flight miles rewards promotions. The bank's product director, Po Chi Yee, said that this cooperation plan aims to expand the bank's customer base, and he is very confident that the new service will be well received by customers. Mox's CEO, Hu Bosi, revealed that the bank has entered the correct track of breaking even, and is expected to achieve profitability in 2026, describing this cooperation plan as being able to help the bank find more customers. In addition, the HKMA recently relaxed the regulations for digital banks
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