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Cathay Pacific
Hong KongHong Kong Economy

Exclusive | Hong Kong’s Cathay Dragon plans HK$20b aircraft replacement programme

Sister airline of Cathay Pacific will opt for new Airbus or Boeing aircraft in move which could see it extend its regional range

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Cathay Dragon plans to replace its ageing fleet over the coming years. Photo: Dennis Ho.
Danny Lee

Cathay Dragon is planning a bumper order of 23 new Airbus or Boeing planes to replace its ageing single-aisle aircraft in a potential HK$20 billion deal.

The newly rebranded sister airline of Cathay Pacific – formerly known as Dragonair – is in the market for technologically advanced jets that will pit Airbus’s A320neo against Boeing’s 737 Max in the operator’s biggest order since 2000.
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The modernisation drive comes amid a slowdown in business this year for aircraft manufacturers. With expensive new planes losing their shine at a time of economic and political uncertainty and old, fuel-hungry jets becoming more cost-effective with low oil prices, airlines have deferred deliveries or even cancelled orders.

Bucking the trend, Cathay Dragon is investing billions in new aircraft despite a tough financial year that forced its parent company, the Cathay Pacific Group, to scrap profitability forecasts.

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