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Cathay Pacific defers A350 and A321neo deliveries, plans to defer Boeing 777-9s

July 22, 2020
2 min read
Cathay Pacific defers A350 and A321neo deliveries, plans to defer Boeing 777-9s
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Cathay Pacific reached a deal with Airbus on Wednesday to delay the delivery of its order of A350s and A321neos. The airline is also in talks with Boeing to defer the delivery of its 777-9 order in order to preserve cash.

Reuters reports the Airbus deferrals are for orders of a total of 65 aircraft as per an investor presentation that the airline made in November 2019. The order of 12 A350s, originally due to arrive in 2020 and 2021, are now scheduled to arrive from 2020 up to 2023. The 32 A321neos were originally scheduled to be delivered from 2020 to 2023, but this has been extended further from 2020 to 2025.

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A new delivery date has not yet been agreed for the 21 Boeing 777-9s, which were originally scheduled for 2024. The 777-9 is the larger of the two "777X" variants Boeing has planned as part of its update to the widebody workhorse. The first of those variants, the 777-9, flew for the first time in Washington state in January.

As for Cathay Pacific, its order shake-up comes as the airline industry is suffering through the most significant downturn in demand since 9/11. As such, airlines around the world, especially weaker airlines or those that were already struggling before the pandemic hit, are having to make aircraft, route and staff cuts to save money and stay afloat.

In-depth: The Boeing 777 turns 25: All about the new Boeing 777X

“This deferral of deliveries is expected to produce cash savings to the Cathay Pacific Group in the short to medium term,” the airline said in a prospectus with the Hong Kong Stock Exchange.

In April, the airline announced that it would reduce some fuel charges, which was ultimately good news for Cathay Pacific enthusiasts who book award tickets through American Airlines, Asia Miles and/or British Airways Executive Club.

Related: Stellar Service: Cathay Pacific (777-300ER) in Economy from Los Angeles to Hong Kong

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Build your loyalty to Delta by applying for the carrier's mid-tier card option, the Delta SkyMiles Platinum card. The annual fee is quickly recouped by the card's travel perks, such as an application credit to Global Entry or TSA Precheck, annual companion certificate and so much more. Plus you can fast-track to elite status simply through card spend.

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  • Earn 90,000 bonus miles after you spend $4,000 in purchases on your new Card in your first 6 months.
  • Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. Payment of the government imposed taxes and fees of no more than $80 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details.
  • Enjoy your first checked bag free on Delta flights. Plus enjoy Main Cabin 1 Priority Boarding and settle into your seat sooner.
  • New: Card Members get 15% off when using miles to book Award Travel on Delta flights through delta.com and the Fly Delta app. Discount not applicable to partner-operated flights or to taxes and fees.
  • Earn 3X Miles on Delta purchases and purchases made directly with hotels.
  • Earn 2X Miles at restaurants worldwide including takeout and delivery in the U.S., and at U.S. supermarkets.
  • Earn 1X Mile on all other eligible purchases.
  • Enjoy a per-visit rate of $50 per person for Card Members and up to two guests to enter the Delta Sky Club when traveling on a Delta flight.
  • Fee Credit for Global Entry or TSA PreCheck® after you apply through any Authorized Enrollment Provider. If approved for Global Entry, at no additional charge, you will receive access to TSA PreCheck.
  • Earn up to 20,000 Medallion® Qualification Miles (MQMs) with Status Boost® per year. After you spend $25,000 in purchases on your Card in a calendar year, you can earn 10,000 MQMs up to two times per year, getting you closer to Medallion® Status. MQMs are used to determine Medallion® Status and are different than miles you earn toward flights.
  • No Foreign Transaction Fees.
  • $250 Annual Fee.
  • Terms Apply.
  • See Rates & Fees