Cathay makes major aircraft order
Cathay Pacific has left little doubt that it is in for the long haul by ordering 30 Airbus A350-900s for delivery between 2016-2019.
It will also take up existing options for six Boeing 777-300ER aircraft.
The A350-900 variant is capable of flying over 8,000 nautical miles non-stop, which will enable Cathay to operate the aircraft across its route network, including on non-stop flights to Europe and North America.
Cathay Pacific chief Tony Tyler said the A350-900 was a perfect fit for the development of Cathay’s fleet – “a mid-size long-haul aircraft that is fuel efficient, environmentally friendly, and provides the kind of capacity, range and operating economics that we need to complement and enhance our existing fleetâ€.
The new aircraft orders came as Cathay posted a first half profit of $HK 6,84 billion.
This compares to a profit of HK$812 million in the first half of 2009.
Apart from shareholders, Cathay’s staff will be pleased with the result.
The airline will pay an advance profit share in the form of an ex-gratia payment of 14 days salary to all eligible members of the Cathay Pacific team.
By TravelMole Asia
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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