Aerfin selected as end-of-life solution provider for Cathay Pacific's Airbus A340 fleet

Cathay Pacific Airways announced that AerFin has been selected to provide an end-of-life solution for the fleet of 11 A340-300 aircraft operated by the Hong Kong-based carrier. The agreement will see AerFin acquire and/or consign the aircraft over a three-year period through to 2017. The first A340 will be delivered to AerFin in March 2015 and will be disassembled to provide Cathay Pacific continued support for its operational fleet, and at the same time provide AerFin’s customer base with Serviceable Used Material to support continued operations. Cathay Pacific is retiring the A340-300s as part of ongoing fleet modernisation programme that is seeing the airline replace older, less-efficient aircraft with new, more fuel-efficient aircraft. Cathay Pacific currently operates 147 aircraft in what is one of the youngest all-wide-body fleets in the world. The airline has some 79 aircraft on firm order for delivery up to 2024, including 48 Airbus A350s and 21 Boeing 777-9Xs.