New Aircraft
Cathay Pacific has committed to investing in new aircraft and other items such as the new cargo terminal at Hong Kong International Airport and upgrades to its product in the cabin and on the ground between now and 2013. In addition, the airline has just signed a Letter of Intent with Airbus to buy 30 A350-900s and also intends to exercise purchase rights with Boeing to buy another six 777-300ERs. The total catalogue price of these aircraft will be about HK$75 billion. The new A350s will be delivered between 2016 and 2019 and will be used partly to replace some of the airline’s older aircraft and partly to accommodate future growth.