The global economic slump may not yet be fully over, but Cathay Pacific (CX) continues to invest in its future.
CX today signed a deal to purchase six new Boeing B777-300ER aircraft, with an estimated value of HK$10.5 billion (US$1.3 billion) at list price. Delivery is scheduled scheduled between 2013 and 2014.
Last week, it also concluded an agreement with Airbus for an order of 36 A350-900s, representing the airline’s biggest-ever single aircraft purchase. This was valued at HK$60.83 billion (US$7.8 billion). Deliveries will begin in 2016 and are scheduled to stretch over a three-year period.
The additional six Boeing widebodies will swell CX's total order for the aircraft type to 36. Eighteen are already in operation – primarily on long-haul and ultra-long-haul routes to Europe and North America – with another 12 scheduled for delivery from 2011 to early 2013.
More details on where the aircraft will be used can be found in an earlier report Business Traveller (see news).
Honouring promises to enhance ground products besides those in the air, CX launches “The Cabin”, its new First and Business class passenger lounge at Hong Kong International Airport on October 11, 2010. Located near Gate 23 in the central concourse, the facility will have an IT zone, a relaxation corner as well as new dining options and design elements.
Summing up developments, Cathay Pacific chief executive Tony Tyler said: “These investments speak volumes about our confidence in the growth and future of Hongkong as Asia’s leading international aviation hub.”
For more about CX, visit www.cathaypacific.com
Alisha Haridasani
