Cathay defers two 777 delivery till 2010

4/22/2009 9:30:33 AM

Cathay Pacific Airways said it has deferred delivery of two Boeing 777 aircraft to 2010 and is in talks with manufacturers on delaying other orders as the carrier seeks to conserve cash in the market downturn, Dow Jones reported.   The Hong Kong-based carrier said it plans to cut its passenger capacity by eight percent from May, while its China-focused unit Hong Kong Dragon Airlines will cut its passenger capacity by 13 percent.   CargoNews Asia

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