Cathay Pacific delays its first payment to HNA for HK Express

https://airlinersgallery.smugmug.com/Airlines-Europe-1/Airlines-Turkey/ACT-Airlines/i-xZ2b348/A

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.

Top Copyright Photo (all others by the airlines): ACT Airlines Boeing 747-428F ER TF-ACR (msn 32866) IST (Javier Rodriguez). Image: 943472.

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This entry was posted in ACT Airlines, Cathay Pacific Airways, HK Express and tagged ACT Airlines, Cathay Pacific Airways, HK Express on May 15, 2019 by Bruce Drum.

About Bruce Drum

I have started the ultimate digital photo library of the fascinating world of airliners and airlines. The goal is to have the complete history of all airlines and the various aircraft operated. I have been photographing airplanes since 1965. Join us in this adventure.

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