Cathay signs deal to acquire 30 A350-900; to exercise rights for six Boeing 777-300ER
10 August 2010
Cathay Pacific Airways says that it has entered into a letter of intent with the Airbus to buy 30 Airbus A350-900 aircraft. The airline also says it intends to exercise existing purchase rights for six Boeing 777-300ER aircraft.
The total value of the intended aircraft purchases at list price is about HK$75 billion.
This is a sum in addition to the significant investment Cathay Pacific will make between now and 2013 that includes aircraft already on firm order, the new cargo terminal at Hong Kong International Airport and enhanced products in the cabin and on the ground.
The letter of intent with Airbus is for the purchase of 30 Rolls-Royce-powered Airbus A350-900 aircraft.
The all-new A350 XWB (extra wide body) will form the backbone of Cathay Pacific's future mid-size wide-body fleet, with the new acquisitions due for delivery between 2016 and 2019.
The A350-900 variant is capable of flying over 8,000 nautical miles non-stop, which would enable Cathay Pacific to operate the aircraft across its route network, including on non-stop flights to Europe and North America.