Cathay Pacific 2002 Annual Report Download - page 15

Download and view the complete annual report

Please find page 15 of the 2002 Cathay Pacific annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 73

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73

12 Cathay Pacific Airways Limited Annual Report 2002
•With the arrival of the third freighter in
November, freighter services to Europe via
Dubai and to Shanghai increased to six times
and four times weekly respectively. A twice
weekly freighter service to Taipei also began
in July.
•Dragonair took delivery of one A320 and one
A321 in March under operating leases whilst
two A330s were delivered in June and
December. One B747-300 freighter joined the
fleet in November. As a result, Dragonair’s fleet
size increased to 24 at the end of 2002.
•The A320 and A321 fleet are now equipped with
more business class seats and are deployed on
the trunk routes to Beijing and Shanghai. An
upgrade in first and business class cabins and
inflight entertainment on the A330 fleet is
expected to be completed by mid 2004.
•Demand for air travel between Hong Kong and
Mainland China is expected to increase.
Dragonair remains optimistic about the airline’s
prospects in 2003.
•Fleet profile as at 31st December 2002:
Number as at
31st December 2002 Expiry of
Leased Firm orders operating leases
Aircraft type Owned Finance Operating Total ‘03 ‘04 ‘05 & beyond Total ‘03 ‘04 ‘05 & beyond
A320 26 811 221 3
A321 4421331
A330 14 4 91* 4 513
B747-300F 33
Total 4614 24 22 6 10 34 7
Review of Operations
*
Aircraft will be on operating lease.