Hong Kong’s Cathay Group has announced the purchase of an additional 32 Airbus A320neo Family aircraft as it continues to expand and modernize its fleet. The new deal is estimated to be worth about US$4.6 billion at list prices.

The agreement doubles the airline’s total orders for the A320neo Family to 64, of which 13 have already been delivered.

The 32 additional aircraft will comprise both the A321neo and A320neo which will join the fleets of Cathay Pacific and HK Express. They will principally serve destinations in mainland China and elsewhere in Asia.

The A320neo Family incorporates contemporary technologies including new-generation engines and aerodynamics, which together deliver at least 20% lower fuel burn and carbon dioxide emission savings.

“Cathay is one of the world’s leading airline groups and we are proud to be part of its recovery and growth plan,” says Christian Scherer, chief commercial officer and head of international at Airbus.

“Operating out of the Cathay Group’s base at the heart of Asia, the A320neo Family will enable it to expand its services across the region with a most efficient single-aisle fleet and a positive passenger comfort differentiation. With a significant reduction in fuel consumption, the aircraft will also bring an immediate contribution to the Cathay Group’s sustainability goals,” Scherer adds.