Cathay Pacific signs for $4.1 billion A321neo order

Cathay Pacific signs for $4.1 billion A321neo order

Hong Kong’s flag carrier Cathay Pacific has signed a memorandum of understanding (MOU) for 32 Airbus A321neos worth $4.1 billion.

The aircraft were ordered direct from Airbus and are set to be delivered between 2020 and 2023. They will be operated by Cathay Pacific’s regional subsidiary Cathay Dragon.

The new aircraft are being bought in to replace Cathay Dragon’s fleet of 15 last-generation A320s and eight A321s. Cathay Dragon flies a completely Airbus fleet to 56 Asian destinations, including 28 in mainland China.

Cathay Pacific CEO and Cathay Dragon chairman Rupert Hogg said: “The Airbus fleet has been serving Cathay Dragon well over the decades. With the A321neo, we expect to benefit from a very significant increase in operating efficiency, while increasing capacity in the Cathay Dragon network in order to expand our reach to more customers.

“The intention to purchase these 32 environmentally-friendly aircraft will allow us to add new destinations to Cathay Dragon’s network, increase frequency on some of our most popular routes, and expand our network in the region in order to provide more travel choices and convenience to our customers.”

Alex Baldwin
By Alex Baldwin August 23, 2017 12:58