Cathay Pacific Orders 14 More Boeing 777-9 Passenger Jets
Rhea-AI Summary
Boeing (NYSE: BA) has secured an order for 14 additional 777-9 passenger jets from Cathay Pacific, increasing the Hong Kong-based carrier's total order book to 35 aircraft. The 777-9, Boeing's largest twin-engine airplane, offers significant environmental benefits with 20% reduced fuel use and emissions and 40% lower noise levels compared to predecessor models.
The aircraft, with a range of 7,295 nautical miles, will support Cathay Pacific's fleet modernization and expansion of long-haul operations from its Hong Kong hub. This order contributes to Boeing's growing 777X program, which has garnered over 550 orders globally.
Positive
- Secured order for 14 additional 777-9 aircraft from major carrier Cathay Pacific
- Total 777X program orders exceed 550 aircraft globally
- Aircraft offers 20% reduction in fuel use and emissions, potentially reducing operating costs
- Order supports thousands of jobs at Boeing's Everett facility and supply chain
Negative
- None.
News Market Reaction – BA
On the day this news was published, BA gained 1.13%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Designed to reduce fuel use and emissions on average by
"We plan to expand and renew our fleet with the additional 777-9 aircraft, enabling us to continue our rich history of connecting the world with our
Cathay Pacific has grown its global network with the Boeing 777 family over the past 30 years. The addition of the latest model, the 777-9, will further reduce the airline's operating costs as it modernizes its fleet and expands passenger and cargo operations on long- and ultra long-haul routes.
"We are proud to support Cathay Pacific's continued leadership as one of the world's top airlines, and introduce the 777-9 as their future flagship airplane," said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing. "This latest order demonstrates the value of the 777-9 and further strengthens the airline's tradition of delivering superb comfort, convenience and connectivity to passengers for years to come."
With a range of 7,295 nautical miles (13,510 km), the 777-9 will allow Cathay Pacific to connect passengers directly between
A leading global aerospace company and top
Contact
Kevin Yoo
International Sales Communications
Kevin.K.Yoo@boeing.com
Boeing Media Relations
media@boeing.com
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SOURCE Boeing