Cathay Pacific Studying New Aircraft Order for Regional Routes
- ‘Constantly looking at the fleet requirements,’ CEO Tang says
- Plan would set up fresh order battle between Airbus and Boeing
Aircraft operated by Cathay Pacific Airways on the tarmac at Hong Kong International Airport.
Photographer: Paul Yeung/BloombergThis article is for subscribers only.
Cathay Pacific Airways Ltd. is considering renewing its aging fleet of aircraft, particularly for short- and medium-haul trips, potentially setting up a battle between Airbus SE and Boeing Co. for a lucrative round of new orders.
Chief Executive Officer Augustus Tang compared the renewal of regional jets to Cathay’s original purchase of Boeing’s 777 long-haul aircraft, which became the backbone of its intercontinental fleet, eventually growing to 53 aircraft.