Friday, February 24, 2012

Dragonair to expand its fleet

Dragonair, a unit of Hong Kong's dominant carrier Cathay Pacific Airways, said on Wednesday that it plans to expand its fleet 20 percent this year by adding six aircraft and will hire more staff to meet growing demand in Asia. Strong demand from China, Dragonair's largest market, helped boost the regional carrier's passenger numbers by 7 percent to a record high last year despite deepening global economic uncertainty. Cathay Pacific reported in January that Dragonair alongside it carried a total of 27.58 million passengers in 2011, up 2.9 percent. It did not provide a breakdown for Dragonair.

The global aviation industry is expected to see a tough year ahead with industry body the International Air Transport Association (IATA) forecasting the industry could lose USD$8.3 billion if the European sovereign debt crisis evolves into a full-blown banking crisis and recession.

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