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.
ACT Airlines aircraft slide show: