|Cathay Pacific pursues cargo market with freighter order |
Cathay Pacific Airways ordered an additional 747-8 freighter as it continues to renew its freighter fleet with newer, more efficient planes in an effort to strengthen its position in the air cargo business.
Cathay Pacific also ordered three 777-300ER airplanes. The order, valued at about US$1 billion (726.4 million euros), will bolster Cathay Pacific’s 747-8 freighter fleet and 777-300ER fleet to 14 and 53, respectively.
The 747-8 freighter has 16 percent more revenue cargo volume compared to its predecessor.
Hong Kong’s flag carrier operates an all-Boeing freighter fleet that includes 13 747-8 freighters.