08.12.2023 08:58:59 - dpa-AFX: Hong Kong's Cathay Cargo Places Firm Order For Six Airbus A350F Freighters With Option For 20 More

SCHIPHOL-RIJK (dpa-AFX) - Cathay Group's cargo division, Cathay Cargo, said
that it has placed an initial firm order with Airbus for six A350F freighters
and has secured the right to acquire 20 more aircraft.

The state-of-the-art aircraft from this order will be delivered commencing in
2027.

Hong Kong's Cathay noted that the freighters will link Hong Kong and the Chinese
Mainland with long-haul destinations in North and South America as well as
Europe.
The purchase agreement brings the Cathay Group's new aircraft deliveries to 77.

Airbus has stated that the A350F, currently under development, can carry a
payload of up to 111 tonnes and fly up to 4,700 nautical miles (8,700
kilometers) at a significantly lower cost than any other freighter available
today.

According to Airbus, powered by the latest technology Rolls-Royce Trent-XWB97
engines, the aircraft will achieve a reduction in fuel consumption and carbon
emissions of up to 40% compared to the older 747F, making it at least 20% more
efficient than its competitors.

Meanwhile, Cathay Cargo noted that it has a freighter fleet of 20 Boeing 747
freighters, including 14 B747-8Fs and six B747-400ERFs. In addition to freighter
capacity, Cathay Cargo provides belly capacity through the Cathay Group's
extensive passenger network, providing cargo services to around 80 destinations
worldwide.

The Cathay Group's order book includes 21 Boeing 777-9 wide-body passenger
aircraft scheduled to be delivered from 2025 and a total of 49 Airbus A320neo
and A321neo aircraft expected to be delivered by 2029.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CATHAY PAC. AIRW. 870986 Frankfurt 0,945 31.07.24 08:19:16 +0,005 +0,53% 0,945 0,990 0,945 0,940
AIRBUS SE 938914 Xetra 140,820 31.07.24 16:11:33 +7,260 +5,44% 140,800 140,840 141,800 133,560

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