Cathay Group, owner of Cathay Pacific (CX, Hong Kong International) and HK Express (UO, Hong Kong International), says it will invest more than HKD100 billion Hong Kong dollars (USD12.8 billion) over the next seven years in its fleet, cabin products, lounges, and digital and sustainability leadership. It adds that the investment will also strengthen Hong Kong’s international aviation hub status.
"As the city’s home airline, we are a key contributor towards the future success of the Hong Kong international aviation hub," said group chairman Patrick Healy. "Our substantial investments further demonstrate our unwavering commitment to fostering Hong Kong’s ongoing economic development. With over HKD100 billion being invested in our fleet, cabin products, airport lounges and more, we are firmly turning the page and embarking on a bold new strategy for the future, not just in scope but also in quality."
Cathay Group also pointed to the recent decision to acquire thirty A330-900Ns and that it has over 100 aircraft on order, with options for a further eighty. According to ch-aviation fleets data, aside from the A330neo, the Cathay Pacific orderbook includes fifteen A321-200Ns, four A321-200NX, six A350Fs, and twenty-one B777-9s. In addition, the group's low-cost carrier, HK Express, has eight A320-200Ns, nine A321-200Ns, and eight A321-200NX on order. Cathay Group says the new aircraft will modernise and expand the fleets and improve fuel efficiency, which will play an essential role in reducing carbon emissions and help the company achieve its carbon-net-zero-by-2050 goal.
