Friday, January 20, 2012

Cathay Pacific to add A350-900 to fleet

Hong Kong's dominant carrier Cathay Pacific Airways said on Friday that it has signed a deal to buy six Airbus A350-900 aircraft with a total list price of USD$1.628 billion for delivery between 2016 and 2017.

The company said in a stock exchange filing that it would pay for the aircraft in cash in eight installments, to be funded by loans, other debt instruments and internal cash.

The Airbus aircraft would replenish and expand the company's fleet capacity and will principally serve long-haul destinations in Europe, the statement said.


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