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Cathay Pacific Airways Limited Annual Report 2001 5
of approximately 8 percent of our total weekly
schedule.
컄In November, we signed a codeshare
agreement with Philippine Airlines covering the
services between Hong Kong and Cebu. This
agreement helps both airlines reach more
customers through their combined networks.
컄In January 2002, Cathay Pacific and its oneworld
partner British Airways expanded codeshare
agreements to include 11 more destinations in
the UK and Continental Europe. The codeshare
agreements also cover Cathay Pacific services
from Hong Kong to Auckland and Kuala Lumpur.
컄Our first daytime service between Hong Kong
and London will start in July 2002. This 4 times
weekly service will raise the frequency of our
London flights to 18 per week.
FLEET PROFILE
Number as at
31st December 2001 Expiry of
Leased Firm orders operating leases
Aircraft type Owned Finance Operating Total ‘02 ‘03 Total ‘02 ‘03 ‘06 Options
Aircraft operated by Cathay Pacific
B747-400 215 2 19 11
B747-200F 31 4
B747-400F 14 5
B777-200 14 5
B777-300 773(a)
A330-300 218 20 1(b)
A340-300 11 4 15 4
A340-600 21 3(c)
Total 960 6 75 21 3114 4
Aircraft not operated by Cathay Pacific
B747-300 66(d)
B747-200F 33(e)
Total 63 9
(a)
Operating lease options expire in 2007 and are for any B777 model.
(b)
Option to be exercised in 2002, is interchangeable between A330/A340.
(c)
Aircraft will be on 5 year operating leases.
컄Members of the oneworld global airline alliance
reaffirmed their commitment to the alliance. The
8 members offer services to over 570
destinations around the world.
THE GROWING FLEET
컄We continued to invest in our fleet, adding 14
new aircraft during the year. These included 8
A330-300s, 4 A340-300s, and 2 B747-400
freighters. 3 aircraft leased from Air China were
returned during the year, bringing the net
increase in the fleet size to 11.
컄At the end of the year, our passenger fleet had
an average age of 6 years, amongst the lowest
of the world’s major airlines.
컄2 of our older freighters and 4 passenger aircraft
have been temporarily withdrawn from service
due to the general economic downturn.
(d)
1 aircraft was not leased out as at 31st December 2001.
(e)
Aircraft are operated by AHK.
2001 IN REVIEW