"(Reuters) - Hong Kong's dominant air carrier Cathay Pacific Airways (0293.HK) has agreed to buy 30 Airbus (EAD.PA) aircraft for about $7.82 billion, it said on Thursday, amid a revival in international traffic.
Swire (0019.HK) and Air China (0753.HK)(601111.SS), which together own about 72 percent of the airline, have approved the transaction, Cathay said in a statement to the Hong Kong stock exchange.
The airline had already said in August that it intended to buy these A350-900 aircraft. [ID:nHKV002466] (Reporting by Kelvin Soh; Editing by Ken Wills) "
Quote: Cathay Pacific Airways today announced that it has selected the all-new A350 XWB to form the backbone of its future mid-size widebody fleet, following the signature of a Letter of Intent (LOI) with Airbus for the order of 30 aircraft.
Hot off the press, Airbus confirms the order is now firm! Nice.
Quote: Cathay Pacific Airways has firmed up a previously announced commitment for 30 all-new A350 XWB long range aircraft. The purchase agreement was finalised in Hong Kong today by Tony Tyler, Chief Executive, Cathay Pacific Airways and John Leahy, Chief Operating Officer Customers, Airbus. The aircraft will be powered by Rolls-Royce Trent XWB engines.
[Edited 2010-09-16 04:16:58]
Time flies like an arrow. Fruit flies like a banana!
B777LRF From Luxembourg, joined Nov 2008, 1530 posts, RR: 3
Reply 9, posted (4 years 5 months 3 weeks 23 hours ago) and read 13794 times:
Quoting AA1818 (Reply 7): The A350 series is well placed between the 787 and the 777 to fit customer needs quite nicely, especially the A359. I think that Airbus has a real gem here with the A359.
What will the A359 replace/ augment at CX? What else is there to replace? ANy need for a A350-800/ B787-9 sized aircraft in their fleet?
Actually, the 359 is a direct competitor to the 772 and will make mincemeat of same if Boeing doesn't pull a rabbit out of hat, and announce it's either doing a sweeping overhaul of the 772 or launch a replacement. Think B767 vs A330 and you get the picture. Boeing's problem is, of course, their options are very limited at the moment with vast engineering resources tied to the 787 and 747-8.
That the 359 will replace the 772 operated by CX is obvious.
From receips and radials over straight pipes to big fans - been there, done that, got the hearing defects to prove
CXB77L From Australia, joined Feb 2009, 2731 posts, RR: 5
Reply 10, posted (4 years 5 months 3 weeks 22 hours ago) and read 13595 times:
AIRLINERS.NET CREW CHAT OPERATOR
Quoting B777LRF (Reply 9): That the 359 will replace the 772 operated by CX is obvious.
I think it will more likely replace the A333s as well. CX only has 5 772s, and 30 A359s is more than enough to replace the 772s. Some of their older A333s and A343s will probably be on their way out when the A359s come online.
The A343s will be long-gone by then according to some posters on here. Some rumours were abound that CX were looking at getting some Rolls-powered ex-SQ 772ERs in to replace the A343s until the A359s arrive. Dunno if they are true or not...
Shame - lovely looking birds.
What do you mean you dont have any bourbon? Do you know how far it is to Houston? What kind of airline is this???
CX flyboy From Hong Kong, joined Dec 1999, 6669 posts, RR: 55
Reply 15, posted (4 years 5 months 3 weeks 20 hours ago) and read 10972 times:
Great news for CX and Airbus. However, maybe it is only me but is anyone else sick of seeing announcements for Letters of Intent, then MoUs, then intentions to firm up orders, then actual firming of orders etc.... The same deal is announced several times to a great deal of fanfare. I know it is all about marketing and publicity, but come on!
Thorben From , joined Dec 1969, posts, RR:
Reply 16, posted (4 years 5 months 3 weeks 17 hours ago) and read 8975 times:
Quoting CX flyboy (Reply 15): Great news for CX and Airbus. However, maybe it is only me but is anyone else sick of seeing announcements for Letters of Intent, then MoUs, then intentions to firm up orders, then actual firming of orders etc.... The same deal is announced several times to a great deal of fanfare. I know it is all about marketing and publicity, but come on!
I'm feeling the same. Especially when JJ and PR ordered the 77W. I had the feeling they announced that about eight times each.