Cathay Pacific Airways to save HK$500 mln in coming three to five years

Cathay Pacific Airways Ltd.(0293) will carry out cost cut plan to save HK$500 mln in the coming three to five years. Cost cut plan includes introduction online purchase and other sales plan. Online purchase provided by E-business project , which was valued at HK$2000 mln under the cooperation with Oracle, will save over HK$300 mln, accounting for 1.8% of total cost. Hon Siu-kit, general manager of purchasing of Cathay Pacific said HK$300 mln to be saved mainly through online purchase and cutting down inventory. He said the company did not have plan to speed up north move procedures after partial logistic procedures was moved to Guangzhou eight year ago, 

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