Cathay Pacific Limited announced that it has entered into a revised agreement with the Air Bus Company for the purchase of six Airbus A350F aircraft and acquired the right to purchase an additional 20 aircraft of the same type. The transaction constitutes a major transaction for the Company and has received the written approval of the shareholders of Taikoo Corporation and China Aviation, which has more than 50% voting rights, in lieu of a vote at the General Meeting. The base price of the aircraft is about $27.1 billion, and the actual cost is lower than this figure due to the price discounts negotiated by the two parties. The company expects the aircraft to be delivered by the end of 2019 and will serve major...Show More

Cathay Pacific Limited announced that it has entered into a revised agreement with the Air Bus Company for the purchase of six Airbus A350F aircraft and acquired the right to purchase an additional 20 aircraft of the same type. The transaction constitutes a major transaction for the Company and has received the written approval of the shareholders of Taikoo Corporation and China Aviation, which has more than 50% voting rights, in lieu of a vote at the General Meeting. The base price of the aircraft is about $27.1 billion, and the actual cost is lower than this figure due to the price discounts negotiated by the two parties. The company expects the aircraft to be delivered by the end of 2019 and will serve major long-haul destinations in North America, South America and Europe. The funds will be raised through post-sale and leaseback arrangements, financing leases and commercial bank loans. This acquisition will help improve the efficiency and performance of the company's fleet and meet the overall interests of the company and its shareholders.