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Cathay orders jets from Boeing, Airbus

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Cathay orders jets from Boeing, Airbus

Old 27th Apr 2002, 22:53
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Cool Cathay orders jets from Boeing, Airbus

HONG KONG Betting that commercial air traffic will gradually recover from the terrorism crisis, Cathay Pacific Airways said yesterday it ordered six new jets three each from rivals Boeing and Airbus.

Cathay said the Boeing 777-300s and Airbus A330-300s will be delivered in 2003 and 2004 at which point the carrier believes it will have weathered the aftermath of the Sept. 11 attacks that threw the global aviation industry into its worst slump in more than a decade.

Cathay did not disclose what it's paying, but Boeing said the list price for three 777-300s was about $600 million. Airlines typically negotiate better prices than the list.

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