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Cathay Pacific making shift from Boeing to Airbus cargo planes

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Cathay Pacific making shift from Boeing to Airbus cargo planes

Robert Besser
13 Dec 2023, 03:07 GMT+10

  • On December 8, Hong Kong’s Cathay Pacific Airways placed a $2.71 billion order with Airbus to purchase six A350 freighters
  • The new aircraft will replace Cathay’s six Boeing 747 cargo jets
  • As part of the agreement, Cathay will also have the option to purchase 20 more A350 freighters

HONG KONG: On December 8, Hong Kong’s Cathay Pacific Airways placed a $2.71 billion order with Airbus to purchase six A350 freighters.

The new aircraft will replace Cathay’s six Boeing 747 cargo jets.

“These highly fuel-efficient, next-generation freighters will provide important additional cargo capacity, expand our global network and contribute to our sustainability leadership goals,” Cathay CEO Ronald Lam said in a statement.

As part of the agreement, Cathay will also have the option to purchase 20 more A350 freighters.

Cathay officials claim it will be buying the airbus freighters at below the list price.

Industry observers believe that Cathay’s choice of flying Airbus freighters points towards more involvement with Airbus in the coming years. Currently, Cathay flies both Boeing and Airbus aircraft.

The Airbus freighters will fly cargo from China to Europe, North America and South America.

Cathay Pacific is the world’s fifth-largest air freight carrier, behind Qatar Airways and Emirates Air.

Other recent aircraft purchases by Cathay include 21 Boeing 777-9 passenger planes to be delivered starting in 2025 and 49 Airbus A320neo and A321neo aircraft.

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