Tag: Smaller

Coronavirus: Cathay Pacific mulls smaller aircraft, business class cuts as Covid-19 crisis remoulds travel

HONG KONG, Oct 4 (SCMP): Cathay Pacific Airways is weighing up if it needs smaller aircraft with fewer business class seats, as Covid-19 reshapes travel habits and the airline industry.

No immediate changes are on the horizon, according to CEO Augustus Tang Kin-wing, but discussions are ongoing over the company’s restructuring plan, which will set its course for years to come.

“What kind of aircraft is going to be a big aircraft or small? Do you need to have a large business class because people perhaps will be more concerned about personal space because of the pandemic or just the opposite?

“These are the kind of questions we have to wrestle with,” Tang said in a Post interview last week, outlining his thoughts on global air travel beyond the coronavirus.

He said demand for business and leisure travel would be suppressed at best until a vaccine was found to be

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Cathay Pacific mulls smaller aircraft, business class cuts as Covid-19 crisis remoulds travel



a large passenger jet sitting on top of a runway: Cathay Pacific is undergoing a restructuring process to help see it through the aftermath of the pandemic. Photo: Roy Issa


© SCMP
Cathay Pacific is undergoing a restructuring process to help see it through the aftermath of the pandemic. Photo: Roy Issa

Cathay Pacific Airways is weighing up if it needs smaller aircraft with fewer business class seats, as Covid-19 reshapes travel habits and the airline industry.

No immediate changes are on the horizon, according to CEO Augustus Tang Kin-wing, but discussions are ongoing over the company’s restructuring plan, which will set its course for years to come.

“What kind of aircraft is going to be a big aircraft or small? Do you need to have a large business class because people perhaps will be more concerned about personal space because of the pandemic or just the opposite?

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“These are the kind of questions we have to wrestle with,” Tang said in

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Smaller Operators in Africa See That Energy Transition is ‘Good Business’ and to Use Their Position of Agility to Make the Right Changes Now

Participating in an online ADIPEC Energy Dialogue Webinar, Chikezie Nwosu, CEO of WalterSmith in Nigeria, a world class integrated energy solutions provider said that although the oil and gas industry has previously experienced similar shocks to supply and demand, the impact of the COVID-19 pandemic is being felt over a much shorter period and far more aggressively than before.

“The COVID-19 pandemic has clearly shown us that oil price is not in control of any oil and gas company or country, as even the largest oil-producing countries such as Saudi Arabia and Russia are ill-equipped to adjust to what we are experiencing today,” Nwosu explained. “The focus for companies now is to control their costs to ensure business continuity for when the oil prices eventually recover. This can be done by continuing with the structural costs changes that were made during the pandemic.”

However, Nwosu warns that bad

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ADIPEC: Smaller Operators in Africa See That Energy Transition is ‘Good Business’ and to Use Their Position of Agility to Make the Right Changes Now

ABU DHABI, UAE, Sept. 16, 2020 /PRNewswire/ — The oil and gas industry has been impacted severely due to the COVID-19 pandemic; however, with the industry now actively embracing the digital transition and moving to new grounds to sustain itself, business continuity amidst the current downturn has a pivotal role to play. 

Participating in an online ADIPEC Energy Dialogue Webinar, Chikezie Nwosu, CEO of WalterSmith in Nigeria, a world class integrated energy solutions provider said that although the oil and gas industry has previously experienced similar shocks to supply and demand, the impact of the COVID-19 pandemic is being felt over a much shorter period and far more aggressively than before.

“The COVID-19 pandemic has clearly shown us that oil price is not in control of any oil and gas company or country, as even the largest oil-producing countries such as Saudi Arabia and Russia are ill-equipped

Read More