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.
Insights
Boeing secures substantial 14-aircraft order from Cathay Pacific, strengthening its 777X program amid challenging industry recovery.
This 14-aircraft order from Cathay Pacific represents a significant vote of confidence in Boeing's 777-9 program, which has faced development delays and certification challenges. With Cathay Pacific now committed to 35 total 777-9 aircraft, this order strengthens Boeing's position in the crucial Asian long-haul market where competition with Airbus remains intense.
The timing is particularly important as Boeing works to rebuild momentum for the 777X program, which has accumulated over 550 orders but has experienced significant delivery timeline extensions. For context, each 777-9 has a list price of approximately
Cathay Pacific's fleet strategy reveals important industry trends. The airline's commitment to the fuel-efficient 777-9 (
For Boeing, securing this order helps maintain production volume stability for the 777X program and provides additional validation of the aircraft's value proposition. This contributes to Boeing's efforts to maintain its substantial market share in the widebody segment against increasing competition from Airbus, particularly the A350 family.
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