More Planes for Cathay
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More Planes for Cathay
HONG KONG (AFP) - Hong Kong flag carrier Cathay Pacific said it has ordered six Boeing 747-400ERF freighter aircraft in a billion dollar deal for delivery between May 2008 and April 2009.
The airline said the list price for the planes was 1.56 billion US dollars in total and the deal is its largest ever purchase order for its freighter fleet.
The order will take its freighter fleet from the current 14 to 20 as the airline continues to invest in additional cargo capacity to meet aggressive growth plans for the Hong Kong hub, the airline said.
"This latest investment further underscores our long-term commitment to invest in Hong Kong, and is an expression of our confidence in Hong Kong as the premier aviation hub in the Asia Pacific region," Cathay Pacific Chief Executive Philip Chen said on Thursday.
"Cargo is a major contributor to our continued growth, and we are committed to expanding our freighter fleet to ensure it plays a key role in the future of both Cathay Pacific and Hong Kong as a leading cargo hub."
The airline took delivery of the worlds first 747-400BCF in December last year. A second one is due next month and a third in September this year. Three more will enter service in 2007.
Cathay has retained its options on a further six 747-400BCFs which are now scheduled for delivery from the end of 2008 to 2010, it said
http://news.yahoo.com/s/afp/20060622...y_060622112545
The airline said the list price for the planes was 1.56 billion US dollars in total and the deal is its largest ever purchase order for its freighter fleet.
The order will take its freighter fleet from the current 14 to 20 as the airline continues to invest in additional cargo capacity to meet aggressive growth plans for the Hong Kong hub, the airline said.
"This latest investment further underscores our long-term commitment to invest in Hong Kong, and is an expression of our confidence in Hong Kong as the premier aviation hub in the Asia Pacific region," Cathay Pacific Chief Executive Philip Chen said on Thursday.
"Cargo is a major contributor to our continued growth, and we are committed to expanding our freighter fleet to ensure it plays a key role in the future of both Cathay Pacific and Hong Kong as a leading cargo hub."
The airline took delivery of the worlds first 747-400BCF in December last year. A second one is due next month and a third in September this year. Three more will enter service in 2007.
Cathay has retained its options on a further six 747-400BCFs which are now scheduled for delivery from the end of 2008 to 2010, it said
http://news.yahoo.com/s/afp/20060622...y_060622112545
