23 December 2013
Boeing (NYSE: BA) and Cathay Pacific said the airline will become Asia´s first 777X customer with an order for 21 777-9X airplanes, as part of Cathay´s future long-haul fleet strategy.
The order is valued at more than USD7bn at current list prices.
The 777X program was launched at the Dubai Airshow last month where it garnered a record 259 orders and commitments worth USD95bn at list prices. The 777X currently stands as the largest product launch in commercial jetliner history by value and is targeted for first delivery in 2020.
Advanced technology including a new composite wing, all-new engines and superior aerodynamics will result in better fuel efficiency. The 777-9X, with 400 seats, will be the largest and most efficient twin-engine commercial jet in the world with the lowest operating cost per seat of any commercial airplane and no competitor in its market segment.