Cathay Pacific considers drier storage options for unused planes - Yahoo! Voices

SYDNEY (Reuters) - Hong Kong's Cathay Pacific Airways Ltd said on Monday it was evaluating whether to send some of its aircraft to less humid locations for storage as it reviews the size of its fleet in light of the fall in demand due to the pandemic.

Rivals Singapore Airlines Ltd, Qantas Airways Ltd and Air New Zealand Ltd have already sent some long-haul planes to desert locations in Australia and the United States for long-term storage and possible early retirement in expectation the demand slump will be prolonged.

Cathay is examining plans to store more than 50 widebody aircraft from its fleet of around 236 planes outside Hong Kong in less humid locations like Dubai and the Australian desert, a source familiar with the matter told Reuters on condition of anonymity.