|Bid||7.800 x 0|
|Ask||7.810 x 0|
|Day's Range||7.760 - 7.850|
|52 Week Range||7.060 - 8.980|
|Beta (5Y Monthly)||0.81|
|PE Ratio (TTM)||30.00|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Sept 04, 2019|
|1y Target Est||10.90|
Hong Kong's Cathay Pacific Airways said on Friday it has placed a firm order to purchase six Airbus A350 freighters with a list price of $2.71 billion, as it replaces its ageing Boeing 747 cargo jets. Cathay, which has six older model 747-400ERFs and 14 newer 747-8Fs expects the six A350s to be delivered from 2027 and by the end of 2029, it said in a statement. Under the deal, Cathay has also secured the right to acquire 20 more A350 freighters.
Cathay Pacific Airways will buy six Airbus A350 freighters, as it replaces its ageing Boeing 747 cargo jets.
Cathay Pacific Airways Ltd is leaning towards placing an order for around six Airbus A350 freighters as the Hong Kong carrier renews the oldest section of its fleet of dedicated 747 cargo jets, industry sources said. If confirmed, the selection marks a bounce back for the Airbus freighter after Cathay earlier this year appeared to favour the competing Boeing 777-8F, before postponing a decision for several months, said the sources, speaking on condition of anonymity to discuss confidential matters.