Plane sailing for Cathay
CATHAY Pacific said yesterday it would buy 27 planes from Airbus and Boeing in a deal worth as much as $ 6.5 billion, as the carrier reported a record profit for 2010. The Hong Kong airline said it had struck a deal with European aircraft maker Airbus for 15 A330-300s and a separate agreement with US-based Boeing for 10 777-300ERs. The purchase also included two more Airbus A350-900s, Cathay said, adding they would be delivered before the end of 2015. The list price for the new planes was $ 6.5 billion although they would ‘‘ be acquired at a considerable discount’’.