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Cathay Pacific Airways ( (HK:0293) ) just unveiled an update.
Cathay Pacific Airways has announced a major transaction involving the purchase of 14 Boeing 777-9 aircraft, with an option to acquire up to 7 additional aircraft. This acquisition is part of the company’s strategy to enhance its fleet with more fuel-efficient planes, supporting its sustainability goals and operational cost efficiency. The transaction, valued at approximately US$8.1 billion, is expected to be financed through a combination of commercial bank loans, finance leases, sale and leaseback arrangements, and cash from operations. The new aircraft will replace part of the existing long-haul fleet, serving both long-haul and selected regional routes, and are expected to be delivered by 2034.
The most recent analyst rating on (HK:0293) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Cathay Pacific Airways stock, see the HK:0293 Stock Forecast page.
More about Cathay Pacific Airways
Cathay Pacific Airways Limited is a major airline company based in Hong Kong, providing international air travel services. The company focuses on long-haul and regional destinations, operating a fleet of widebody aircraft to serve its global customer base.
Average Trading Volume: 7,793,973
Technical Sentiment Signal: Buy
Current Market Cap: HK$75.99B
See more insights into 0293 stock on TipRanks’ Stock Analysis page.