Cathay Pacific to buy 30 Airbus A330-900 aircraft

(Reuters) -Cathay Pacific will buy 30 Airbus A330-900 wide-body aircraft for a basic price of about $11 billion, with options to buy another 30, the Hong Kong-based airline said on Wednesday.

Delivery is expected by end-2031, the airline said.

Cathay did not disclose the purchase price but said 30 A330s have a basic price of $11 billion and significant price concessions were given on that.

© Reuters. FILE PHOTO: Cathay Pacific aircraft are seen parked at Hong Kong International Airport in Hong Kong, China August 7, 2024. REUTERS/Tyrone Siu/File Photo

Cathay operates a mixed fleet of Boeing (NYSE:) and Airbus aircraft.

Cathay first publicly flagged the possibility of a mid-sized wide-body purchase in late 2022.