Cathay Pacific delays its first payment to HNA for HK Express – Quantum Aviation | Airline Passengers & Cargo Sales and Charters

Cathay Pacific delays its first payment to HNA for HK Express

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Cathay Pacific delays its first payment to HNA for HK Express

Cathay Pacific Airways has delayed its first payment to the HNA Group for its HK Express subsidiary.

According to the report by Forbes, the payment was held up due to a questionable purchase of three Boeing 747-400F freighters that have not yet been disposed.

HK Express leased two Boeing 747-400F freighters to ACT Airlines (top) and the third is operated by Suparna Airlines according to the report.

Read the full report.