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Market
Will Cathay Pacific ground its Airbus A350 fleet due to the identified defect by December 31, 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Cathay Pacific or aviation regulatory authorities
Story
Hong Kong Probe Reveals Cathay Airbus Defect, Midair Engine Fire Risk
Sep 19, 2024, 07:54 AM
A Hong Kong probe has revealed that a defect in Cathay Pacific's Airbus A350 could cause extensive damage. The investigation, conducted by Hong Kong's Air Accident Investigation Authority, found that the engine failure was due to a ruptured fuel hose, which also showed signs of a midair fire. The defect led to the cancellation of dozens of Cathay Pacific flights in early September. The preliminary report indicates that the midair engine fire could have spread, posing significant risks to the aircraft.
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Yes • 50%
No • 50%
Resolved by Cathay Pacific internally • 25%
Resolved by Airbus intervention • 25%
Resolved by regulatory mandate • 25%
Not resolved by December 31, 2024 • 25%
Yes • 50%
No • 50%
Fewer than 50 • 25%
50 to 100 • 25%
101 to 200 • 25%
More than 200 • 25%
Full fleet grounding • 25%
Partial fleet grounding • 25%
No grounding, but increased inspections • 25%
No significant action • 25%
Yes • 50%
No • 50%
Engine replacement • 25%
Engine repair • 25%
Software update • 25%
No action • 25%
Yes • 50%
No • 50%
Less than 50 flights canceled • 25%
50-100 flights canceled • 25%
101-200 flights canceled • 25%
More than 200 flights canceled • 25%
Yes • 50%
No • 50%
Less than $50 million • 25%
$50 million to $100 million • 25%
$101 million to $200 million • 25%
More than $200 million • 25%