To “support the growth of its regional network”, the Hong Kong company Cathay Pacific invests 5.1 billion dollars in 11 new Airbus
The Hong Kong company Cathay Pacific indicated on Wednesday that these 11 new Airbuses “will support the growth of its Pacific regional network and provide additional capacity in terms of passenger and freight…
Hong Kong airline Cathay Pacific announced on Wednesday November 11 that it had ordered 11 additional Airbus aircraft in a contract worth $5.1 billion. These 11 A330-900 aircraft "will support the growth of Cathay Pacific's regional network and provide additional passenger and cargo capacity," the company said in a press release. The document filed with the Hong Kong Stock Exchange values the transaction at $5.1 billion (nearly 4.57 billion euros).
Cathay announced in the same press release the order for three additional Airbus A321neo narrow-body aircraft for its low-cost airline HK Express. “The A321neo will further strengthen the growth potential of HK Express, which focuses on destinations in mainland China and other short-haul routes,” the statement added. The 11 A330-900s are expected to be delivered between 2031 and 2035.
Cathay chief executive Ronald Lam said the "state-of-the-art, fuel-efficient aircraft" would modernize Cathay's entire fleet and "enhance connectivity within our home hub, Hong Kong."
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- BFM Business11 Nov, 08:28
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