EADSY - Airbus Hits Jackpot: Hong Kong-based Cathay Pacific's $4.66B Splurge On A320neo Jets | Benzinga
In a significant move, Airbus SE (OTC: EADSY) (OTC: EADSF) received an order worth $4.66 billion from Hong Kong's renowned Cathay Pacific Airways, Ltd.(OTC: CPCAY).
Under the deal, Cathay will acquire an additional 32 Airbus A320neo Family aircraft.
Cathay Pacific expects the Airbus Aircraft to be delivered by the end of 2029.
Cathay Group's latest acquisition exemplifies its aggressive expansion strategy and underscores its confidence in the aviation market's recovery. The agreement doubles the Cathay Group's total orders for the A320neo Family to 64, of which 13 have already been delivered.