Cathay Pacific to spend HK$2 billion on e-business
Cathay Pacific rises above escalating oil prices and aims for the sky with its new e-business ventures
Cathay Pacific Airways will invest HK$2 billion ($256.5 million) on more than 30 e-business ventures over the next three years. Most will be launched during the next six months as part of the airline's goal to become Asia's leading e-business air carrier. The HK$2 billion figure excludes spending on infrastructure, and will be financed "internally", according to Cathay Pacific's director and chief operating officer, Philip Chen, who declined to reveal further details on the matter. Ca…
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