China Business

Jun 27, 2006

Cathay Pacific makes largest expansion

HONG KONG - Cathay Pacific Airways has announced its largest commitment for new freighter aircraft with an order for six Boeing 747-400 ERF Extended Range Freighters, as it continues to invest in additional cargo capacity to meet aggressive growth plans for its Hong Kong hub.

The six new aircraft are scheduled to arrive between May 2008 and April 2009, according to a news release from Cathay Pacific, which currently operates 97 aircraft, 14 of which are freighters.

"This latest investment further underscores our long-term commitment to invest in Hong Kong, and is an expression of our

confidence in Hong Kong as the premier aviation hub in the Asia Pacific region," Cathay Pacific chief executive Philip Chen said.

"Cargo is a major contributor to our continued growth, and we are committed to expanding our freighter fleet to ensure it plays a key role in the future of both Cathay Pacific and Hong Kong as a leading cargo hub."

(Asia Pulse/XIC)

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