Cathay Pacific 2000 Annual Report Download - page 11

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CATHAY PACIFIC AIRWAYS LIM ITED ANNUAL REPORT 2000 9
Fleet profile
Number per fleet
as at 31st December 2000 Expiry of
Firm orders operating leases
Aircraft Leased
type Ow ned Finance Operating Total ’01 ’02 ’03 Total ’01 ’02 ’03 Options
Aircraft operated by Cathay Pacific:
B747-400 215219 11
B747-200F 31 4
B747-400F 12 322
B777-200 14 5
B777-300 773(a)
A330-300 12 12 881(b)
A340-300 11 3 14 4 4(C) 3
A340-600 21 3(C)
Total 752564 14 2 1 17 311 4
Aircraft not operated by Cathay Pacific:
B747-200 22
B747-300 24 6(d)
B747-200F 33(e)
Total 47 11
During the year, Cathay Pacific also entered
new codeshare agreements w ith British
Airw ays, M alaysian Airlines and Turkish
Airlines.
Freighter services w ere introduced to three
new destinations: Delhi, Penang and San
Francisco. This means that Cathay Pacific’s
freighter aircraft now fly to 19 destinations
worldw ide.
In M arch, Cathay Pacific commenced joint
operations w ith DHL Worldw ide Express at
Hong Kong International Airport by
launching overnight express cargo and
passenger flights betw een Hong Kong and
Osaka, Seoul, Singapore and Taipei.
As part of our continual research into new
routes, w e operated a commercial
transpolar flight from Toronto to Hong Kong
using the long-range A340-300. The flight
was a trial for launching non-stop flights
between Hong Kong and the East Coast of
North America w ith a much reduced flight
time.
Our fleet gets bigger and better
During 2000, w e took delivery of a new
B747-400 freighter and a B777-200 aircraft,
and placed additional orders for five A330s
and one B747-400 freighter – all scheduled
for delivery in 2001. Together w ith the
previous orders, eight new A330s and two
new B747-400 freighters w ill join the fleet
by the end of 2001.
In addition, w e have agreed to lease four
A340-300s w hich w ill be delivered in 2001
and w ill coincide w ith the expiry of the
lease of three A340-300s from Air China.
As a result the number of aircraft operated
in 2001 w ill increase by eleven – a 17%
increase in fleet size.
We signed a five year lease agreement
with ILFC for three A340-600s to be
delivered in 2002 and 2003.
We have also been involved in discussions
with the leading aircraft manufacturers
throughout the year on the possible
acquisition of new long-haul aircraft.
Our passenger fleet had an average age of
just 5.5 years at the end of 2000, among the
low est of major airlines.
2000 in Review
(a) Operating lease options, expiring in 2007, are for any
B777 model.
(b) Option, to be exercised in 2002, is interchangeable between
A330/A340.
(c) Aircraft on five year operating leases.
(d) One aircraft not leased out as at 31st December 2000.
(e) Aircraft operated by AHK.