TNAG-2480-FCO40-3610-Business-matters-in-Hong-Kong-Swire-Group-1992 — Page 37

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

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MY TELNO INTRA 531 CATHAY PACIFIC ORDERS BOEING 777'S WITH ROLLS

ROYCE ENGINES.

SUMMARY

letter to Sir A Swire. If the agree, pl. dM..

1. CATHAY PACIFIC PLACE AN ORDER FOR 11 FIRM AND 11 POTIONS FOR BOEING 777 AIRCRAFT WITH ROLLS ROYCE ENGINES WITH A VALUE OF POUNDS

300 MILLION. IT IS AN ORDER ROLLS ROYCE REGARD AS OF VITAL IMPORTANCE. IT AGAIN UNDERLINES CATHAY'S HUGE IMPORTANCE IN UK BUSINESS. MINISTERIAL MESSAGES WOULD BE HELPFUL.

DETAIL

2.

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CATHAY PACIFIC WILL ANNOUNCE TODAY, 13 APRIL, AFTER THE CLOSING OF THE STOCK EXCHANGES, A DECISION TO PLACE A FIRM ORDER FOR ELEVEN 777 AIRCRAFT WITH ELEVEN FURTHER OPTIONS, ALL TO BE FITTED WITH ROLLS ROYCE ENGINES. PRESS RELEASES ARE BEING ISSUED TODAY BY BOTH CATHAY PACIFIC AND ROLLS ROYCE.

3.

THE VALUE TO ROLLS ROYCE IS AROUND POUNDS 300 MILLION. THIS ORDER WILL MEAN THAT ROLLS ROYCE HAVE MORE BOEING 777 CUSTOMERS THAN ANY OTHER ENGINE MANUFACTURER. THE FIRM ORDERS ARE FOR DELIVERY IN 1996 AND 1998: THE OPTIONS FOR DELIVERY FROM 1997 TO 2000.

3. ALTHOUGH THE ORDER WILL NOT APPEAR IN THE TRADE FIGURES FOR HONG KONG, SINCE THE ENGINES WILL BE DELIVERED TO BOEING IN SEATTLE, THIS REPRESENTS A FURTHER MAJOR ORDER FOR THE UK FROM HONG KONG.

4.

CATHAY PACIFIC'S VALUE TO THE UK CANNOT BE OVER STATED. THEIR TOTAL FLEET IS POWERED BY ROLLS ROYCE ENGINES. THEY HAVE PIONEERED ROLLS ROYCE ENGINES ON BOTH BOEING AND AIRBUS AIRCRAFT, AND ALTHOUGH IN THIS CASE THEY ARE NOT THE FIRST TO PUT ROLLS ROYCE ENGINES ON THE BOEING 777, IT WAS AN ORDER THAT ROLLS ROYCE NEEDED VERY BADLY TO GIVE IMPUTUS TO THEIR SALES DRIVE TO OTHER AIRLINES WHO ARE

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