US airframer Boeing (NYSE: BA) said it launched the 777X program with a record-breaking number of customer orders and commitments for the newest member of its twin-aisle product family.
According to Boeing, agreements for 259 airplanes from four customers across Europe and the Middle East provide a strong foundation to support development and production of the airplane.
The 777X orders and commitments include Lufthansa with 34 airplanes; Etihad Airways with 25; Qatar Airways with 50 and Emirates with 150 airplanes. The combined value of the agreements is more than USD 95bn at list prices.
Boeing said that the 777 family commands 55% of market share in its category in terms of backlog, and 71% of the in-service fleet worldwide.
The 777X family includes the 777-8X and the 777-9X, both designed to respond to market needs and customer preferences. The 777X builds on the best-in-class dispatch reliability from the current 777, as well as offering more market coverage and revenue capability that surpasses the competition. The 777-8X competes directly with the A350-1000, while the 777-9X is in a class by itself.
Boeing said the 777-9X offers seating for more than 400 passengers, depending on an airline´s configuration choices.
The second member of the family, the 777-8X, will be the most flexible jet in the world. The airplane will seat 350 passengers and offer an incredible range capability of more than 9,300 nautical miles (17,220 km). In addition, the airplane will have unmatched takeoff and payload capability compared to the competition.
Like the 787 Dreamliner which was launched as the 7E7, the 777X will be formally named at a later date. Design of the 777X is underway and suppliers will be named in the coming months. Production is set to begin in 2017, with first delivery targeted for 2020.
Find out more at www.boeing.com.