The flagship carrier said it would work with eight clients including insurer AIA Group, Standard Chartered and HSBC to promote the use of SAF on its flights used for business travel or air freight from Hong Kong International Airport. The move comes as airlines rush to set and meet net-zero carbon emission targets and other companies also look to cut down on harmful impact to the environment from their operations.
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(Reuters) -Cathay Pacific Airways Ltd returned to profit in the second half of last year but has since been hamstrung by tough new quarantine rules for crew and said it is trying to boost cargo capacity as much as possible in an effort to cope. Hong Kong's flagship airline managed a profit of about HK$2 billion in the second half, thanks to cost cuts and strong cargo demand and pricing, even though it flew 85% fewer passengers than in 2020, when it was also affected by the coronavirus pandemic. Chairman Patrick Healy said, however, that the airline has had an "extremely challenging" start to 2022 after Hong Kong tightened crew quarantine requirements and banned passenger flights from major markets like the United States, Britain and Australia to contain COVID-19 cases.