[photopress:air_cx_a330.jpg,full,alignright]Cathay Pacific Airways has agreed to buy eight Airbus A330 aircraft for a listed price of US$1.7 billion, but make me an offer, mainly to serve in the Asia Pacific region. (Our illustration is of how Cathay is configuring economy.)
This is the second major aircraft acquisition announced by the company in less than a month following Cathay’s biggest single aircraft order placed in November for 17 Boeing jets with a catalog price of $5.2 billion.
Cathay said the Airbus aircraft would be used to replenish and expand its fleet.
The Airbus aircraft acquisition will be funded through commercial bank loans, other debt instruments of the company and cash from business operations. Cathay expects delivery of the aircraft in 2012.
Source: CargoNews Asia