New Aircraft

[Bograt]

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.

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More updated news from CX

The Cathay Pacific Group today announced a profit of HK$6,840 million for the first six months of 2010. This compares to a profit of HK$812 million in the first half of 2009. Earnings per share were up 8.4 times to HK173.9 cents. Turnover for the period increased by 33.7% to HK$41,337 million.

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.

[Chingchung]

Does it mean there is pay rise next year?