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HK Express cancels 6 Hong Kong-Okinawa flights as Typhoon Jangmi approaches
HK Express cancels 6 Hong Kong-Okinawa flights as Typhoon Jangmi approaches Airline says special ticket arrangements are in place for affected passengers Budget carrier HK Express has cancelled six flights operating between Hong Kong and Okinawa on Monday and Tuesday as Typhoon Jangmi approaches Japan’s southernmost islands. The airline said in an updated announcement on Saturday afternoon that special ticket arrangements for typhoon-affected flights were in place. “We have notified all...
Cathay Pacific plans more aircraft orders across fleet, CEO says
Cathay Pacific plans more aircraft orders across fleet, CEO says RIO DE JANEIRO: Cathay Pacific is considering additional orders for widebody, narrowbody and freighter aircraft as it looks to expand rapidly over the next decade, taking advantage of a third runway at its Hong Kong hub, Chief Executive Officer Ronald Lam said on Sunday (Jun 7). Lam said this could include fresh orders and exercising options to expand previous orders. Cathay already has more than 100 new aircraft on order,...
Hong Kong NGO offers HK$30,000 to Tai Po fire victims who transfer property
Hong Kong NGO offers HK$30,000 to Tai Po fire victims who transfer property Tung Wah Group pledges relocation grant to around 1,000 households who agree to transfer ownership to government amid strong demand for legal support Hong Kong’s largest non-profit organisation, the Tung Wah Group of Hospitals, will offer a HK$30,000 (US$3,827) relocation allowance to victims of the deadly Tai Po fire who agree to transfer ownership of their properties to the government, its chief executive has said,...
Hong Kong government’s venture fund eyes bigger bankroll after double-digit return
Hong Kong government’s venture fund eyes bigger bankroll after double-digit return Financial secretary says investment arm will also take lead on new offshore yuan-denominated venture capital fund The government’s investment arm achieved a double-digit internal rate of return last year, greater than many newly established venture capital funds, according to its CEO. “Many overseas funds have a J-curve performance, as they tend to suffer an initial loss before a gain,” said Clara Chan...