Airbus Inks $4.2B Contract With Cathay Pacific

Law360, New York (July 10, 2012, 4:47 PM EDT) -- Hong Kong-based air carrier Cathay Pacific Airways Ltd. has inked a purchase and conversion order with French aircraft manufacturer Airbus SAS that could be worth as much as $4.2 billion, ending Airbus' three-year order drought, both companies said Tuesday.

According to Cathay Pacific, it has agreed to purchase 10 A350-1000 mini-jumbo jets from Airbus at a list price of $320 million each. The Hong Kong carrier said Airbus would also convert 16 previously ordered A350-900 jets to the 1000 model for a total conversion price of...
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