Guan Cha Zhe Wang·2025-10-27 10:06Core Viewpoint - Cathay Pacific Airways is negotiating a significant aircraft order as part of a broader investment plan exceeding HKD 100 billion (approximately CNY 91.52 billion) to strengthen Hong Kong's position as an international aviation hub [1][2]. Group 1: Aircraft Order and Investment Strategy - The company is in discussions with shareholders regarding a major aircraft order to be announced in 2024, focusing on single-aisle jets, regional wide-body aircraft, and freighters to support business expansion over the next decade [1][2]. - The planned aircraft order is part of a strategic investment to enhance service levels and operational capabilities, reflecting the company's commitment to the tourism industry [2]. - Cathay Pacific has already committed to purchasing 30 Airbus A330-900 aircraft with an option for an additional 30, and plans to receive over 100 new generation aircraft in total, including options for more than 80 additional units [3]. Group 2: Market Position and Operational Capacity - Cathay Pacific is the largest and oldest airline group in Hong Kong, holding over 50% of the local market share, primarily serving cross-border travel [2]. - The airline operates nearly 300 round-trip flights weekly, covering over 20 cities in mainland China, and has a historical peak of operating 239 aircraft across 119 destinations [4][5]. - The expansion of the fleet is expected to enhance the connectivity between Hong Kong and major global cities, reinforcing its dominant position in the Asian aviation market [1][2]. Group 3: Financial Performance and Future Outlook - The company reported a net profit of HKD 97.9 billion (approximately CNY 89.6 billion) in 2023, with projections of HKD 98.88 billion (approximately CNY 90.49 billion) for 2024 [5]. - The completion of the three-runway system at Hong Kong International Airport is anticipated to increase overall capacity by 50%, allowing for an annual handling of 120 million passengers and 10 million tons of cargo, presenting a significant opportunity for the airline [5]. - The strategic fleet expansion aligns with Hong Kong's tourism development framework, aiming to enhance the city's international appeal and accessibility [3][5].