NEW A/Cs FOR CX
Apr 26, 2002
One of Asia's leading airlines, Cathay Pacific, today unveiled expansion plans as it announced orders for six new aircraft and held out the possibility of creating 800 new jobs over the next three years.
The carrier, based in Hong Kong, has ordered three Boeing 777-300 and three Airbus A330-300s. Deliveries will start next year and all the planes will be in service by 2004.
"Because Cathay Pacific managed itself carefully during the downturn, we are now able to plan for a better future," said David Turnbull, the airline's Chief Executive Officer and Deputy Chairman.
"This investment underlines our confidence in the future... and our continued effort to strengthen Hong Kong as the region's leading aviation hub."
The order for three Boeing planes is estimated as being worth USD$600 million to the US company.
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