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Cathay Pacific Group To Optimise Fleet Allocation With 16 A321neo To HK Express
Cathay Pacific Group is set to receive 65 new aircrafts by 2024 despite recent developments in Hong Kong; in an effort for fleet modernisation, the group’s 3 airlines – Cathay Pacific, Cathay Dragon and HK Express (acquired since March 2019 for HK$4.93 billion or US$628 million) will be each taking deliveries of a dozen new aircrafts that better suits their respective market positioning.
In order to continue strengthen Hong Kong’s position as Asia’s leading international aviation hub; the group’s existing aircraft order is comprised of 21 Boeing 777-9 aircrafts, 12 A350s and 32 A321neo aircrafts between 2020 and 2024, the group has decided upon the following fleet allocation after a comprehensive review.
B777-9X
A350
A321neo
Cathay Pacific
21
12
n/a
Cathay Dragon
n/a
n/a
16 (2020-2022)
HK Express
n/a
n/a
16 (2022- )
“We have four airlines in the group, each of them has its clear proposition. Cathay Pacific will continue to operate as an international full-service airline providing premium services to customers while Cathay Dragon is our regional full-service carrier. Meanwhile, HK Express will remain as a standalone, low-cost airline focusing on serving leisure travel destinations. AHK Air Hong Kong will continue to be the Group’s all-cargo carrier specialising in express cargo services.
“We will continue to invest in each of our airlines, their products and services. New aircraft are always the best platform to showcase our customer experience offerings which we are continuously enhancing in the spirit of our progressive and thoughtful ‘Move Beyond’ brand values. Our goal is always to move people forward in life through our ability to connect them to meaningful people, places and experiences through our Hong Kong hub.”
Cathay Pacific Group Chief Executive Officer Augustus Tang
The Chinese market currently makes up around 20% of Cathay Pacific’s daily flights, however, the airline is facing negative exposure in China following criticism from the Civil Aviation Administration of China, resulting the airlines earning of HK$1.34 billion in the first half of year 2019.
HK express currently operates 13 routes to Japan, marks up half of its total destinations, recent meetings between executives at HK Express and Japanese official and business in both Hong Kong & Japan signals the airline group will double its effort for Japanese expansion to offset its negative exposure from China.
Aircraft Type
Inventory
On Order
Firm
Cathay Pacific
Boeing 777-200
3
Boeing 777-300
15
Boeing 777-300ER
52
Boeing 777-9X
21
Airbus A330-300
33
Airbus A350-900
23
Airbus A350-900
5
Airbus A350-1000
12
Airbus A350-1000
8
Cathay Dragon
Airbus A320
15
Airbus A321
8
Airbus A321neo
16
Airbus A330
25
HK Express
Airbus A320
8
Airbus A321
11
Airbus A321neo
16
Airbus A320neo
5
Cathay Pacific
Boeing 747-400ERF
6
Boeing 747-400BCF
1
Boeing 747-8F
14
Air Hongkong
Airbus A300F
10
View all episodes
By albertaviationCathay Pacific Group is set to receive 65 new aircrafts by 2024 despite recent developments in Hong Kong; in an effort for fleet modernisation, the group’s 3 airlines – Cathay Pacific, Cathay Dragon and HK Express (acquired since March 2019 for HK$4.93 billion or US$628 million) will be each taking deliveries of a dozen new aircrafts that better suits their respective market positioning.
In order to continue strengthen Hong Kong’s position as Asia’s leading international aviation hub; the group’s existing aircraft order is comprised of 21 Boeing 777-9 aircrafts, 12 A350s and 32 A321neo aircrafts between 2020 and 2024, the group has decided upon the following fleet allocation after a comprehensive review.
B777-9X
A350
A321neo
Cathay Pacific
21
12
n/a
Cathay Dragon
n/a
n/a
16 (2020-2022)
HK Express
n/a
n/a
16 (2022- )
“We have four airlines in the group, each of them has its clear proposition. Cathay Pacific will continue to operate as an international full-service airline providing premium services to customers while Cathay Dragon is our regional full-service carrier. Meanwhile, HK Express will remain as a standalone, low-cost airline focusing on serving leisure travel destinations. AHK Air Hong Kong will continue to be the Group’s all-cargo carrier specialising in express cargo services.
“We will continue to invest in each of our airlines, their products and services. New aircraft are always the best platform to showcase our customer experience offerings which we are continuously enhancing in the spirit of our progressive and thoughtful ‘Move Beyond’ brand values. Our goal is always to move people forward in life through our ability to connect them to meaningful people, places and experiences through our Hong Kong hub.”
Cathay Pacific Group Chief Executive Officer Augustus Tang
The Chinese market currently makes up around 20% of Cathay Pacific’s daily flights, however, the airline is facing negative exposure in China following criticism from the Civil Aviation Administration of China, resulting the airlines earning of HK$1.34 billion in the first half of year 2019.
HK express currently operates 13 routes to Japan, marks up half of its total destinations, recent meetings between executives at HK Express and Japanese official and business in both Hong Kong & Japan signals the airline group will double its effort for Japanese expansion to offset its negative exposure from China.
Aircraft Type
Inventory
On Order
Firm
Cathay Pacific
Boeing 777-200
3
Boeing 777-300
15
Boeing 777-300ER
52
Boeing 777-9X
21
Airbus A330-300
33
Airbus A350-900
23
Airbus A350-900
5
Airbus A350-1000
12
Airbus A350-1000
8
Cathay Dragon
Airbus A320
15
Airbus A321
8
Airbus A321neo
16
Airbus A330
25
HK Express
Airbus A320
8
Airbus A321
11
Airbus A321neo
16
Airbus A320neo
5
Cathay Pacific
Boeing 747-400ERF
6
Boeing 747-400BCF
1
Boeing 747-8F
14
Air Hongkong
Airbus A300F
10