Business Times

Cathay Pacific says plans to purchase 36 new aircraft

Cathay Pacific Airways, the Hong Kong airline, said this week it has entered into a letter of intent with the Airbus Company to buy 30 Airbus A350-900 aircraft. The airline has also expressed its intention to exercise existing purchase rights in respect of six Boeing 777-300ER aircraft, according to an airline statement.

The total value of the intended aircraft purchases at list price is about HK$75 billion. “This is in addition to the significant investment Cathay Pacific will make between now and 2013 that includes aircraft already on firm order, the new cargo terminal at Hong Kong International Airport and enhanced products in the cabin and on the ground,” it said.

Cathay Pacific Chief Executive Tony Tyler said: "The A350-900 is a perfect fit for the development of our fleet - a mid-size long-haul aircraft that is fuel efficient, environmentally friendly, and provides the kind of capacity, range and operating economics that we need to complement and enhance our existing fleet.”
He said the 30 new aircraft will be deployed to replace older aircraft and grow the fleet to meet the challenges of the future.

The airline currently operates a fleet of 128 wide-body aircraft including 25 freighters.

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