Fewer than 5 per cent of Hong Kong flights have been cancelled for May and June combined, and about 1 per cent during the peak July travel period, the Airport Authority has said, despite a global fuel crisis triggered by the Middle East war, adding it would review charges to ease the industry’s burden. Responding…
Cathay Group also said on Friday that it aimed to restore all flights after June. The company earlier announced it was cutting the number of Cathay Pacific flights by 2 per cent and HK Express services by 6 per cent between mid-May and the end of June. The group attributed the passenger growth to a…
Activity in Hong Kong’s ultra-luxury residential market is picking up, with Swire Properties selling two homes in Deep Water Bay for a whopping HK$2.2 billion (US$283 million). The two three-storey units at 6 Deep Water Bay Road had saleable areas of about 9,600 sq ft and 5,300 sq ft, with the transactions set to be…
A top executive of a multinational logistics group has bought a luxury flat in Hong Kong’s Mid-Levels West for HK$132 million (US$16.9 million), adding to a growing list of wealthy buyers acquiring high-end homes as prices soften. Cherry Hill Investment, an entity linked to Arnold Lee, acquired the 2,772 sq ft, four-bedroom apartment at The…
The global air travel market has bounced back to pre-pandemic levels, with the industry upbeat about 2026 and the Asia-Pacific region expected to lead worldwide traffic growth, the International Air Transport Association (IATA) said on Monday. Load factors in Asia-Pacific were projected to hit an all-time regional high of 84.4 per cent next year, according…
By Tim Hepher CWMBRAN, Wales (Reuters) -Tucked beneath the armrest of a luxury business class seat in a factory in Wales lies a clue to a global aviation bottleneck that has left many airlines waiting impatiently for new jets. Before the armrest can support the pampered elbow of a premium passenger, a complex manufacturing jigsaw…