Cathay cuts A340s as it takes possession of A350s

Cathay Pacific has moved to retire all its Airbus A340-300s by the end of 2017, as it prepares to take A350-900s in quick succession over the next two years, the company said.

The Hong Kong carrier said it has retired two A340s so far this year, and will retire another in the second half of the year. The four remaining A340s will be retired in 2017.

The airline said it has taken delivery of three of the widebodies since May, with nine more due for the rest of the year. Ten more of the type are scheduled to be delivered in 2017.

As of 30 June, Cathay operated a fleet of 145 aircraft, about half of which are owned, comprising of A330s, A340s, A350s, 747s and 777s. It has firm orders for 12 aircraft in 2016.