Korean Air said in December it will sell five passenger aircraft to its creditors, and lease them back. And Cathay Pacific had to hold off buying several Boeing 777s. Weaker currencies in destination countries may eventually get tourists to travel, but some airlines are not waiting. The deal was a hit in Taiwan, Australia and the U.S. but failed to lure back many Japanese tourists, and its benefits are still being figured. But we expected it to bring long-term positive effects.
More efforts are on the way.
In January, Cathay is bringing the Takarazuka Revue, the Japanese all-female variety troupe, to Hong Kong. The troupe has a huge loyal following in Japan. All Rights Reserved. Terms under which this service is provided to you. Read our privacy guidelines .