AIRBUS

Cathay Dragon has signed a memorandum of understanding (MoU), preparatory to executing formal legal documentation, for the acquisition of 32 Airbus A321neo aircraft. The MOU, signed on August 21 between the Cathay Pacific Group and Airbus in Toulouse, France, is valued at approximately HK$31.7 billion (about$4billion) at current list prices. It is intended to replace and expand Cathay Dragon’s single-aisle fleet from 2020.