Hong Kong's premier carrier Cathay Pacific Airways said on Thursday it had agreed to buy eight Airbus A330 aircraft for a catalogue price of US$1.7 billion, mainly to serve in the Asia Pacific region.
This is the second major aircraft acquisition announced by the company in less than a month following Cathay's biggest single aircraft order placed in November for 17 Boeing jets with a catalogue price of $5.2 billion.
Cathay said the Airbus aircraft would be used to replenish and expand its fleet.
Airbus has granted a significant price concession to Cathay and the actual consideration for the aircraft is lower than the catalogue price.
The Airbus aircraft acquisition will be funded through commercial bank loans, other debt instruments of the company and cash from business operations.
Cathay expects delivery of the aircraft in 2012.
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