Hong Kong’s Cathay Pacific Airways Ltd <0293.HK> said on Friday it would allocate half of its order for 32 Airbus SE A321neos to its recently-acquired low-cost carrier HK Express as it looks to grow in the budget market. The flagship Hong Kong airline has taken a financial battering from a fall in demand due to months of sometimes violent pro-democracy protests in the Asian financial capital, and last month lowered its full-year profit guidance. Cathay plans to maintain its A321neo delivery schedule, with the first of the planes being delivered next year.
