Cathay Pacific Buys 36 Jets as Profit Tops Estimates
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Cathay Pacific Airways Ltd., Hong Kong’s largest carrier, will buy 36 Airbus SAS and Boeing Co. planes after posting better-than-estimated profit because of rebounding passenger and cargo traffic.
The carrier agreed to order 30 Airbus A350-900 planes and six Boeing 777-300ERs, it said in a statement today. First-half net income surged more than eightfold to HK$6.84 billion ($881 million) helped by the sale of a stake in a maintenance provider and an 8.5 percent jump in passenger numbers.