Cathay cancels

The late ticker
Cathay Pacific Airways said it cancelled 15 flights yesterday

as 11 aircraft in its 62-strong fleet remain grounded due to

engine problems.

The carrier has been cancelling flights for a week after it grounded its Airbus A330-300 fleet due to problems with the Rolls-Royce engine gearboxes, which had led to in-flight engine shutdowns.

The airline said it would take three weeks to get its entire fleet airborne. This would push up the estimated lost income from the cancellations to HK$123m (pounds 10m). The airline may seek compensation from Rolls-Royce.