Cathay Pacific’s wholly owned subsidiary Cathay Pacific Aircraft Services Limited exercised purchase rights on November 11 for 11 Airbus A330-900 aircraft, under a 2026 amendment to the August 2024 A330-900 purchase agreement, the airline announced to the Hong Kong Stock Exchange. The disclosed basic price is approximately $5,114 million (HK$39,889 million) for airframe, optional features and engines, before what Cathay called significant price concessions from Airbus; the actual consideration was not disclosed, under a stock exchange waiver.
Deliveries are expected between 2031 and 2035, and the aircraft will progressively replace Cathay’s existing mid-size widebody fleet, mainly serving Asia regional destinations with flexibility for longer haul routes later. Each aircraft is payable in cash in eight instalments, and Cathay intends to fund the purchase through commercial bank loans, finance leases, sale and leaseback arrangements and operating cash. The deal is a discloseable transaction under the listing rules, with its highest percentage ratio above 5 percent and below 25 percent, and does not require shareholder approval.