Cathay places orders for 25 new aircraft from Boeing
Cathay Pacific Airways has ordered a further four aircraft from Boeing as part of its ongoing fleet modernisation programme.
January 30, 2014
Cathay Pacific Airways has ordered a further four aircraft from Boeing as part of its ongoing fleet modernisation programme. Following on from an earlier announcement regarding the purchase of 21 B777-9X aircraft, the airline confirmed that it will also purchase another three B777-300ER aircraft along with one more B747-8 freighter. The list price of these additional purchases is HK$7.4 billion (US$950 million). The airline expects to take delivery of the three B777-300ERs in 2015 and the B747- 8 freighter in 2016. Both aircraft types are already extensively employed by Cathay Pacific on its long- haul passenger and freighter routes. The airline currently operates 38 B777- 300ERs and with this latest purchase will have 15 more of the type on order for delivery between 2014 and 2015.
Cathay Pacific chief executive John Slosar said: “We are very pleased to confirm this latest aircraft purchase from The Boeing Company. Both the 777-300ER and the 747-8F offer a highly efficient solution on Cathay Pacific’s ultra-long-haul routes, combining superb operating economics with a significant reduction in emissions. These two aircraft types will form the backbone of our long-haul passenger and freighter fleets through to the end of the decade.”
The latest freighter purchase means that Cathay Pacific will operate 14 B747-8Fs by 2016. Both aircraft types deliver improved payload range capability at competitive operating costs, along with a reduced impact on the environment, Cathay said. As at the end of the December, the Cathay Pacific fleet consists of 140 wide-body aircraft. Following the latest purchase announcement, the airline is set to take delivery of a total of 93 aircraft from 2014 to 2024, at an aggregate list price of approximately HK$222 billion.