Cathay Pacific orders 11 Airbus jets with US$5.1b list price

Résumé détaillé

Cathay Pacific has ordered 11 more Airbus jets with a list price of US$5.1 billion (RM20.8 billion), the Hong Kong airline said Wednesday.The 11 A330-900 ...

HONG KONG, Nov 11 — Cathay Pacific has ordered 11 more Airbus jets with a list price of US$5.1 billion (RM20.8 billion), the Hong Kong airline said Wednesday.

The 11 A330-900 jets “will support the growth of Cathay Pacific’s regional network and provide it with more passenger and cargo capacity”, the company said in a press release.

Cathay put the list price at US$5.1 billion in a filing to the Hong Kong stock exchange.

But the carrier noted that the European plane maker had granted it “significant price concessions” and the final cost is expected to be lower.

Cathay also announced it was ordering three more Airbus A321neo narrowbody aircraft for its budget subsidiary HK Express, which would help build on its “growth potential with its focus on destinations in the Chinese mainland and other short-haul routes”.

Describing the 14 jets as “state-of-the-art, fuel-efficient”, CEO Ronald Lam said they would upgrade Cathay’s total fleet and “enhance connectivity at our home hub Hong Kong”.

The 11 A330-900 aircraft are expected to be delivered between 2031 and 2035.

The carrier said in the filing they will “progressively replace” its existing fleet of mid-size widebody aircraft, and primarily serve regional destinations in Asia.

The jets could also serve longer-haul destinations at a later stage, it added.

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