CX Aircraft Orders
Thread Starter
Join Date: Jun 2000
Location: North America
Posts: 17
Likes: 0
Received 0 Likes
on
0 Posts
CX Aircraft Orders
HONG KONG March 9, 2011, 06:29 am ET
Cathay Pacific Airways is ordering 27 new Airbus and Boeing jets to expand services after profit tripled last year to a record.
Hong Kong's biggest airline said Wednesday it signed a deal with Airbus SAS for 15 A330-300 airplanes and another with Boeing Co. for 10 777-300ER jets. Cathay has also agreed to lease two Airbus A350-900s from International Lease Finance Corp. — adding this jet to its fleet for the first time.
The airline said the 27 jets are worth 51 billion Hong Kong dollars ($6.5 billion) at sticker prices but it's getting a big discount, a common practice in such deals.
The new jets will allow Cathay to continue expanding its passenger routes as well as help the airline save on fuel, its biggest cost, by retiring older, thirstier jets.
Cathay's Airbus A330-300s are primarily used on routes to Australia, India and other countries in Asia while its Boeing 777-300ER jets are mainly used on long-haul routes. All will be delivered by the end of 2015.
The announcement follows the airline's biggest ever order announced in September, for 36 aircraft, including 30 from Airbus and six from Boeing.
The airline is in talks to buy 14 more aircraft, but did not give any more details.
HK's Cathay Adds 27 Boeing, Airbus Jets To Fleet : NPR
Excerpt from
CX announces 2010 annual results, record profit of HK$14b
Posted On: 09 Mar 2011
In 2010 we took delivery of seven new aircraft. In August 2010 we announced our biggest-ever aircraft order, of 30 Airbus A350-900s (to be delivered between 2016 and 2019) and of six more Boeing 777-300ERs. In December, a further two Airbus A350-900s were ordered. In March 2011, Cathay Pacific announced the acquisition of 15 new Airbus A330-300 aircraft and 10 new Boeing 777-300ER aircraft. Cathay Pacific is also in discussions which could result in the acquisition of 14 further aircraft. Unfortunately, there will be a delay in the delivery of our new-generation Boeing 747-8F freighters, with the first now scheduled to arrive in August 2011.
Cathay Pacific Airways is ordering 27 new Airbus and Boeing jets to expand services after profit tripled last year to a record.
Hong Kong's biggest airline said Wednesday it signed a deal with Airbus SAS for 15 A330-300 airplanes and another with Boeing Co. for 10 777-300ER jets. Cathay has also agreed to lease two Airbus A350-900s from International Lease Finance Corp. — adding this jet to its fleet for the first time.
The airline said the 27 jets are worth 51 billion Hong Kong dollars ($6.5 billion) at sticker prices but it's getting a big discount, a common practice in such deals.
The new jets will allow Cathay to continue expanding its passenger routes as well as help the airline save on fuel, its biggest cost, by retiring older, thirstier jets.
Cathay's Airbus A330-300s are primarily used on routes to Australia, India and other countries in Asia while its Boeing 777-300ER jets are mainly used on long-haul routes. All will be delivered by the end of 2015.
The announcement follows the airline's biggest ever order announced in September, for 36 aircraft, including 30 from Airbus and six from Boeing.
The airline is in talks to buy 14 more aircraft, but did not give any more details.
HK's Cathay Adds 27 Boeing, Airbus Jets To Fleet : NPR
Excerpt from
CX announces 2010 annual results, record profit of HK$14b
Posted On: 09 Mar 2011
In 2010 we took delivery of seven new aircraft. In August 2010 we announced our biggest-ever aircraft order, of 30 Airbus A350-900s (to be delivered between 2016 and 2019) and of six more Boeing 777-300ERs. In December, a further two Airbus A350-900s were ordered. In March 2011, Cathay Pacific announced the acquisition of 15 new Airbus A330-300 aircraft and 10 new Boeing 777-300ER aircraft. Cathay Pacific is also in discussions which could result in the acquisition of 14 further aircraft. Unfortunately, there will be a delay in the delivery of our new-generation Boeing 747-8F freighters, with the first now scheduled to arrive in August 2011.
Join Date: Jul 2007
Location: somewhere above the sea
Posts: 199
Likes: 0
Received 0 Likes
on
0 Posts
left hand, right hand
Dick says the additional 15 A330 aircraft to be delivered 2016-2019.
CCD says the 15 new A330 will be delivered between 2013 and 2015.
Guess the training plan might be revised more than the usual 20 times per work with this kind of coordination
CCD says the 15 new A330 will be delivered between 2013 and 2015.
Guess the training plan might be revised more than the usual 20 times per work with this kind of coordination
Hi Flyinhigh,
I'm not privy to CX's future fleet disposal plans, but with 91 a/c on order and according to this article only 32 a/c being retired (-400's and 340's) doesn't that make a surplus of 59?
Thanks,
b.
I'm not privy to CX's future fleet disposal plans, but with 91 a/c on order and according to this article only 32 a/c being retired (-400's and 340's) doesn't that make a surplus of 59?
Thanks,
b.
Join Date: May 2004
Location: 3.5 from TD
Age: 47
Posts: 1,042
Likes: 0
Received 0 Likes
on
0 Posts
Don't assume the A330s are for Cathay either. I would expect at least a 50/50 split with KA. After all, they have already said they want KA to fly larger aircraft into China.
Join Date: May 2004
Location: 3.5 from TD
Age: 47
Posts: 1,042
Likes: 0
Received 0 Likes
on
0 Posts
What can I say Boocs, maybe I've been here too long.
But just going on what we've heard. Cathay has already said they want bigger aircraft to China, and this really falls in their court. Couple that to the drastic growth planned by Chinese carriers and KA is gonna need bigger frames to compete. HKG is slot restricted and Chinese airspace is not getting any bigger yet.
But just going on what we've heard. Cathay has already said they want bigger aircraft to China, and this really falls in their court. Couple that to the drastic growth planned by Chinese carriers and KA is gonna need bigger frames to compete. HKG is slot restricted and Chinese airspace is not getting any bigger yet.
Join Date: Oct 2007
Location: Hong K ong
Posts: 231
Likes: 0
Received 0 Likes
on
0 Posts
Net Gain = 41
By 2019
Total Gain 91 On order +14 B744-8I = 105
Retire or Move to JV/AH
Total Loss of 64 by 2019
22 B744+12 B744BCF (JV/AH) +11 More than the 4 going this year thus (15) A340+ 5 B777-200+10 A330 6 retire & 4 move to K)
NET GROWTH by 1019 = 41 A/c
A more B744-8F also arrive but only to replace the B744F.
(The majority of growth on Freighter will be at JV and very small amount Net at CX & AH)
By the new decade CX aim only to have
B777ERF
B747-8 i & F, ERF
A330
A350
All the old freighters will go to JV/HK
By 2019 Chek Lap Kok can only handle Max 68 planes per Hr currently 50
That's a 36% increase.
Winston we have a problem this is impossible, there is not enough capacity for HKA.
(Yes, HNA are surely using HKA as a route to buy planes 2 bypass import regulations)
Because =
Currently CX have about 30% Market share & HKA a 3%.
CX NET growth 41/128 = 32%
HKA Plans to increase 131/ 14 Currently = 900% increase (See Below)
If so that means MS will stay roughly the same for CX. While @ HKA it will increase to about 18%. That means neg grow or no growth of all the other Carriers in VHHH.
They will all to lose MS to HKA. So CX has been realistic to only grow by 41a/c & smart to get the those planes here before HKA. (by 2015) Slots will be getting full by then and thus any newer planes will only be replacements.
Yes Dick has made a typo A330/B777 are all coming ASAP before 2015 to take up slots before HKA. (Read Financial announcements on Cx Investor web)
CX is now in a race with HNA / HKA to fill up VHHH slots! Also elsewhere see CDG - AMS shuttle.
CX's A350 will start to arrive in 2015 and flood in 2016 ,2017 while HKA will only arrive in 2018. It'll be a tough race as HNA has big bucks & politics behind it. It owns alot of airports and is now buying 10% of BAA.
Air China and CX are looking for more share swaps. Now CX have 20% of AC, & AC 30% of CX. See this change to 40-50% in the next 2 years.
Swire knows its make or break time. They had been aiming for share swaps this week had it not been for ME problem driving share prices down.
They need to do it ASAP for even greater protection. (In many area's not only in the labour courts) Tony's is their Man & his move to IATA has been a "very very "wise one for swire and is not by accident!
This is China's Decade in aviation & Swire are going to ride it. Don't work for nothing guys.
There will be plenty of opportunity in your home countries as well. This is the land of gold & Honey. Come but only with your hands open!
As for CMD's
Refer to new post on Page 3.!!!!
I have seen all the figures!
The only things that change will CMD times are "basings". Many F/O's will stay permanent F/O's so as to remain on a base.
So if u r young & bold move ship to your home country when you can. Or why not join HKA to get some CMD experience 1st.
Make life work for you don't sit back and let let life unfold like a lucky packet. We are not in the ME "Inshalla"! Also join the AoA and Committee & lobby for what is deserved.
Good luck!
China's HNA Group has ordered 38 Boeing passenger aircraft for its unit Hong Kong Airlines.
HKA has now ordered a total 33 twin-aisle aircraft from Airbus, comprising 18 A330s and 15 A350s. The carrier also has 30 single-aisle A320 aircraft on firm order for future delivery.
Total Gain 91 On order +14 B744-8I = 105
Retire or Move to JV/AH
Total Loss of 64 by 2019
22 B744+12 B744BCF (JV/AH) +11 More than the 4 going this year thus (15) A340+ 5 B777-200+10 A330 6 retire & 4 move to K)
NET GROWTH by 1019 = 41 A/c
A more B744-8F also arrive but only to replace the B744F.
(The majority of growth on Freighter will be at JV and very small amount Net at CX & AH)
By the new decade CX aim only to have
B777ERF
B747-8 i & F, ERF
A330
A350
All the old freighters will go to JV/HK
By 2019 Chek Lap Kok can only handle Max 68 planes per Hr currently 50
That's a 36% increase.
Winston we have a problem this is impossible, there is not enough capacity for HKA.
(Yes, HNA are surely using HKA as a route to buy planes 2 bypass import regulations)
Because =
Currently CX have about 30% Market share & HKA a 3%.
CX NET growth 41/128 = 32%
HKA Plans to increase 131/ 14 Currently = 900% increase (See Below)
If so that means MS will stay roughly the same for CX. While @ HKA it will increase to about 18%. That means neg grow or no growth of all the other Carriers in VHHH.
They will all to lose MS to HKA. So CX has been realistic to only grow by 41a/c & smart to get the those planes here before HKA. (by 2015) Slots will be getting full by then and thus any newer planes will only be replacements.
Yes Dick has made a typo A330/B777 are all coming ASAP before 2015 to take up slots before HKA. (Read Financial announcements on Cx Investor web)
CX is now in a race with HNA / HKA to fill up VHHH slots! Also elsewhere see CDG - AMS shuttle.
CX's A350 will start to arrive in 2015 and flood in 2016 ,2017 while HKA will only arrive in 2018. It'll be a tough race as HNA has big bucks & politics behind it. It owns alot of airports and is now buying 10% of BAA.
Air China and CX are looking for more share swaps. Now CX have 20% of AC, & AC 30% of CX. See this change to 40-50% in the next 2 years.
Swire knows its make or break time. They had been aiming for share swaps this week had it not been for ME problem driving share prices down.
They need to do it ASAP for even greater protection. (In many area's not only in the labour courts) Tony's is their Man & his move to IATA has been a "very very "wise one for swire and is not by accident!
This is China's Decade in aviation & Swire are going to ride it. Don't work for nothing guys.
There will be plenty of opportunity in your home countries as well. This is the land of gold & Honey. Come but only with your hands open!
As for CMD's
Refer to new post on Page 3.!!!!
I have seen all the figures!
The only things that change will CMD times are "basings". Many F/O's will stay permanent F/O's so as to remain on a base.
So if u r young & bold move ship to your home country when you can. Or why not join HKA to get some CMD experience 1st.
Make life work for you don't sit back and let let life unfold like a lucky packet. We are not in the ME "Inshalla"! Also join the AoA and Committee & lobby for what is deserved.
Good luck!
China's HNA Group has ordered 38 Boeing passenger aircraft for its unit Hong Kong Airlines.
HKA has now ordered a total 33 twin-aisle aircraft from Airbus, comprising 18 A330s and 15 A350s. The carrier also has 30 single-aisle A320 aircraft on firm order for future delivery.
Last edited by crewsunite; 19th Mar 2011 at 15:02. Reason: gramma
Join Date: Oct 2005
Location: At Home
Posts: 178
Likes: 0
Received 0 Likes
on
0 Posts
Crews,
Based on a 2010 sampling of retirements at CX, between now and End of 2019, CX will retire 224 pilots if everyone goes to 65. Slightly under 9% of the entire pilot group.
By comparison, Delta(and many of the US legacies) will lose 3005, slightly over 25% in that same time span.
Cathay will lose 50% of its current pilots by roughly 2033. DAL will lose 50% by 2024.
The lists in the US may seem large enough to intimidate but its all about percentages boys and the numbers don't lie.
Based on a 2010 sampling of retirements at CX, between now and End of 2019, CX will retire 224 pilots if everyone goes to 65. Slightly under 9% of the entire pilot group.
By comparison, Delta(and many of the US legacies) will lose 3005, slightly over 25% in that same time span.
Cathay will lose 50% of its current pilots by roughly 2033. DAL will lose 50% by 2024.
The lists in the US may seem large enough to intimidate but its all about percentages boys and the numbers don't lie.
Join Date: Oct 2004
Location: Out of the pollution.
Posts: 673
Likes: 0
Received 0 Likes
on
0 Posts
CREWSUNITE,
Very well written, but you assume HKA is actually run as an airline.
Its very much not. Its managed by an ever changing cast of losers that last about 8-12 months, have no direction, and little experience.
There is not, nor has there ever been an approved upgrade course with HKCAD.
More importantly, whenever anyone actually useful gets in, ie the last Ex KA TRE, they are met with insolence, mistrust, and a overriding lack of respect.
Hence they leave within a month and HKA is worse off than before they began the exercise.
HKA could be great.
Once they get a proper WESTERN management team AND the Hainan groups actually listens to them.
Which is gonna happen around never..
Very well written, but you assume HKA is actually run as an airline.
Its very much not. Its managed by an ever changing cast of losers that last about 8-12 months, have no direction, and little experience.
There is not, nor has there ever been an approved upgrade course with HKCAD.
More importantly, whenever anyone actually useful gets in, ie the last Ex KA TRE, they are met with insolence, mistrust, and a overriding lack of respect.
Hence they leave within a month and HKA is worse off than before they began the exercise.
HKA could be great.
Once they get a proper WESTERN management team AND the Hainan groups actually listens to them.
Which is gonna happen around never..
Join Date: Jul 2007
Location: Planet Earth
Age: 39
Posts: 79
Likes: 0
Received 0 Likes
on
0 Posts
Any ideas on when they may (if ever) open the doors again for DE entry s/o's or DE f/o's with all the orders just announced. Or have they got a long list of kids with cheques in hand to keep things quiet still?
Join Date: Jul 2007
Location: I go, therefore I am there!
Posts: 202
Likes: 0
Received 0 Likes
on
0 Posts
Biggles
IMHO; they are pitching the offer as low as they think will attract people. Plan A got bugger all! Plan B may get a few more, but exactly how many is yet to be determined. Plan C might include offering DEFO positions with a commutting package; but the devil would be in the detail.
IMHO; they are pitching the offer as low as they think will attract people. Plan A got bugger all! Plan B may get a few more, but exactly how many is yet to be determined. Plan C might include offering DEFO positions with a commutting package; but the devil would be in the detail.
Join Date: Oct 2007
Location: third rock from the sun
Posts: 17
Likes: 0
Received 0 Likes
on
0 Posts
CREWSUNITE.....
very well written and very interesting. Just one question...you mention 14 748I's....is that speculation/good guess about the planes still being negotiated for or did I miss an announcement?
very well written and very interesting. Just one question...you mention 14 748I's....is that speculation/good guess about the planes still being negotiated for or did I miss an announcement?
Join Date: Oct 2007
Location: Hong K ong
Posts: 231
Likes: 0
Received 0 Likes
on
0 Posts
Mistake in my Retirement figures.
Hi Guys I'm so sorry. After having written my post, i was confused as i had previously worked out much worse upgrade time. I found I had made a big mistake in my figures. I had used a wrong sum. etc
Anyway I could not edit the post due maybe to Earthquake in JPN website unable to load.. Sorry for delay..
On a layover with write again once home..
Basically its 219 due retire by 2019 not 500. The figures from crew direct. Go to profile see date of birth.. takes a long time but only reliable way to know the truth.
747-8i = A bit of info from a few different sources. Plus some clever questioning from high level managers & reading from many sources, & common sense.. Plus one main other i won't say..
If 8F is a good plane its a done deal.
anyway its all about ATK! & Yields! Huge profits result, the new planes are very efficient. And big tax right offs. The current A380 does not fit that mold.
For info ave plane uses $300 million fuel per year. If that is a B777 we save about $50mill. If we have 46 of them that's $2.3bill per year enough to buy a new one in savings. and they can be written off in 4yrs, then sold to a "swire" leasing co for a few dollars and leased back at inflated prices for 20yrs (Long term = return on investment for Swire. Boeing's last!) making huge $ for swire and still saving Cx money..
These guys are not good a middle management but they sure now how to milk a cash cow. But now need to fight HKE which will be a good one to watch..
Loads of politics coming expect more integration with Air China in the medium term.
But stay focused on the big picture and join the Union and fight the major changes head on.. Prepare yourself.
DESO will start again this year is my guess.. They are very short on S/O's
But if joining expect 20yrs to CMD. This is not a career airline it used to be.
chat later..
Anyway I could not edit the post due maybe to Earthquake in JPN website unable to load.. Sorry for delay..
On a layover with write again once home..
Basically its 219 due retire by 2019 not 500. The figures from crew direct. Go to profile see date of birth.. takes a long time but only reliable way to know the truth.
747-8i = A bit of info from a few different sources. Plus some clever questioning from high level managers & reading from many sources, & common sense.. Plus one main other i won't say..
If 8F is a good plane its a done deal.
anyway its all about ATK! & Yields! Huge profits result, the new planes are very efficient. And big tax right offs. The current A380 does not fit that mold.
For info ave plane uses $300 million fuel per year. If that is a B777 we save about $50mill. If we have 46 of them that's $2.3bill per year enough to buy a new one in savings. and they can be written off in 4yrs, then sold to a "swire" leasing co for a few dollars and leased back at inflated prices for 20yrs (Long term = return on investment for Swire. Boeing's last!) making huge $ for swire and still saving Cx money..
These guys are not good a middle management but they sure now how to milk a cash cow. But now need to fight HKE which will be a good one to watch..
Loads of politics coming expect more integration with Air China in the medium term.
But stay focused on the big picture and join the Union and fight the major changes head on.. Prepare yourself.
DESO will start again this year is my guess.. They are very short on S/O's
But if joining expect 20yrs to CMD. This is not a career airline it used to be.
chat later..