Cathay Group, the parent company of Cathay Pacific (CX, Hong Kong International) and HK Express (UO, Hong Kong International), has announced plans to invest over HKD 100 billion (approximately USD 12.8 billion) over the next seven years in its fleet, cabin products, lounges, as well as in digital innovation and sustainability initiatives. The group believes this investment will also enhance Hong Kong’s status as an international aviation hub.
“As the city’s home airline, we play a vital role in the future success of the Hong Kong international aviation hub,” stated group chairman Patrick Healy. “Our significant investments reinforce our strong commitment to supporting Hong Kong’s economic development. With an investment exceeding HKD 100 billion in our fleet, cabin products, airport lounges, and more, we are boldly initiating a new strategy for the future, enhancing both scope and quality.”
Cathay Group highlighted its recent decision to purchase thirty A330-900Ns, noting that it has over 100 aircraft on order, with options for an additional eighty. According to ch-aviation fleet data, the Cathay Pacific orderbook includes not only the A330neo but also fifteen A321-200Ns, four A321-200NX, six A350Fs, and twenty-one B777-9s. Additionally, HK Express has eight A320-200Ns, nine A321-200Ns, and eight A321-200NX on order. Cathay Group stated that these new aircraft will modernize and expand its fleets while improving fuel efficiency, which is crucial for reducing carbon emissions and helping the company achieve its goal of carbon neutrality by 2050.
