Cathay Pacific orders fourteen Airbus jets to expand fleet
Hong Kong carrier Cathay Pacific ordered fourteen new Airbus aircraft on Wednesday to support regional service growth and fleet renewal plans.
New Orders Total HK$150 Billion
The group announced these purchases bring total investment commitments to more than HK$150 billion for the decade ending in 2035. Group chief executive Ronald Lam Siu-por stated that deliveries from 2026 will reach 120 aircraft. This number moves the airline closer to its plan of 150 new aircraft deliveries over ten years. The orders support growth at both the flagship carrier and budget airline HK Express.
Specific Aircraft Types Ordered
Cathay exercised purchase rights for eleven Airbus A330-900 widebody aircraft to replace existing fleet on regional Asian routes. Following talks with Airbus S.A.S., delivery of these aircraft is scheduled to occur from 2031 through 2035. The airline also ordered three additional Airbus A321neo jets to boost HK Express routes. The latest aircraft prioritize travel to locations within China's mainland plus shorter flights elsewhere.
Pricing And Delivery Details
Cathay plans to purchase every plane at a reduced cost, likely under the fundamental value of approximately $5.11 billion. The new planes come with improved fuel efficiency compared to older models in the category. Previously ordered units included 30 A330s from 2024 and 32 A321neos from 2023. Market conditions must remain favourable for the network to serve 150 destinations.
All 2 outlets report consistently
No differences in figures, names or dates across these reports.
- South China Morning Post
- Business Recorder
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