Cathay Pacific orders 4 new planes from Boeing

30 December 2013

Boeing (NYSE: BA) said that Cathay Pacific Airways has ordered an additional 747-8 freighter and three 777-300ER airplanes.

The order, valued at about USD1bn at current list prices, will bolster Cathay Pacific´s 747-8 Freighter fleet and 777-300ER fleet to 14 and 53, respectively.

Hong Kong´s flag carrier is in the midst of renewing its freighter fleet with newer, more efficient airplanes, while also looking to strengthen its position as a market leader in the air cargo business.

Hong Kong´s flag carrier operates 55 777s, including 38 777-300ERs and an all-Boeing freighter fleet that includes 13 747-8 Freighters. With this order, Cathay Pacific will have 21 777-9X airplanes, 15 777-300ERs and one 747-8 Freighter on order with Boeing.

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