Jin Rong Jie·2025-08-06 06:28Core Viewpoint - Cathay Pacific Airways (00293.HK) has exercised its purchase rights under the 2013 subscription agreement to acquire 14 Boeing 777-9 aircraft, with an option to purchase up to 7 additional aircraft from the manufacturer [1] Group 1: Aircraft Purchase Details - The basic price for the aircraft is approximately $8.1 billion, equivalent to about HKD 63.2 billion [1] - The manufacturer has granted significant price discounts to CPAS, resulting in a lower actual cost for the aircraft compared to the basic price [1] - Payment for each aircraft will be made in five installments, with the first four payments occurring before delivery, covering a substantial portion of the cost [1] Group 2: Financing and Delivery - Funding for the transaction may be sourced through commercial bank loans, financing leases, sale-leaseback arrangements, and/or cash generated from the company's operations [1] - The company anticipates that the aircraft will be delivered by 2034 or earlier [1] Group 3: Strategic Implications - The new aircraft will support future growth and gradually replace some of the existing long-haul wide-body fleet [1] - The aircraft will primarily serve long-haul routes while also servicing designated regional destinations [1]