Additionally, this move aims to bolster flight connectivity at the Hong Kong International (HKG) aviation hub. This procurement will elevate the total count of the Group’s newly acquired aircraft to over 70.
Cathay Plans to Order 32 Airbus Aircraft
Anticipated to arrive by 2029, these airplanes are set to integrate into Cathay Pacific (CX) and HK Express (UO) operational fleets. Their primary focus will be on serving various destinations in the Chinese Mainland and other Asian regions.
Ronald Lam, the CEO of Cathay Group, affirmed, “Our dedication lies in investing for the enduring progress of the Group and the Hong Kong international aviation hub, set to experience substantial growth with the Three-Runway System’s commencement. The performance of these aircraft models has been commendable for Cathay Pacific and HK Express. Further empowering us to fortify the expansion of our network across the Chinese Mainland and neighboring regions on behalf of our patrons.”
“As we persist in our pursuit of realizing our aspiration to be recognized among the globe’s premier service brands, our unwavering commitment persists in continually enhancing our customer experience. These aircraft showcase the most recent technological advancements to ensure a quieter, more luxurious, and environmentally efficient journey for our esteemed customers.”Ronald Lam, the CEO of Cathay Group
Out of the original order of 32 A321neos made in 2017, the Group has presently received 13 deliveries. This new procurement plan entails the acquisition of an additional 32 single-aisle Airbus aircraft, further augmenting the Group’s fleet.
Lease 18 A321neos
Sources familiar with the matter have revealed to Bloomberg that the airline aims to deliver the A321neos between late 2025 and 2027. However, the individuals are anonymously sharing this information as the discussions are not public.
As Airbus has almost filled up its delivery slots for A320neo-family aircraft until 2029, Cathay is pursuing this route to expedite its acquisition.
Increased demand for aircraft due to significant orders placed by airlines like IndiGo (6E) has led to leasing firms becoming an attractive option for securing planes for various operators.
Securing 18 aircraft through this arrangement would contribute to Cathay’s objective of obtaining leased planes.
In March, Bloomberg News disclosed that Cathay and its low-cost subsidiary HK Express could potentially acquire up to 50 A320-family aircraft from leasing companies.
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