Cathay Pacific Airways has entered into an agreement with Boeing to purchase 12 new B777 aircraft – four B777-300ER passenger planes and eight B777-200 freighters. The new aircraft, which have a list price of approximately HK$25.6 billion (US$3.3 billion), will be delivered to the airline between 2013 and 2016 and will be powered by General Electric GE90 engines.
Hong Kong-based Cathay already operates 22 Boeing 777-300ERs on key long-haul routes, and with the latest purchase will have another 28 on order for delivery up to 2015. The airline plans to retire the older aircraft in its fleet, including 21 B747-400s and 13 Airbus A340-300s before the end of the decade.
The B777-200F is a new aircraft type for Cathay and will be used to grow the freighter fleet, as well as replacing older, less fuel-efficient Boeing 747-400BCF Converted Freighters.
With the latest purchases, Cathay Pacific now has a total of 97 new aircraft, including 79 wide-body passenger aircraft, on its books for delivery up to 2019. These include 28 B777-300ERs, 19 A330s, 32 A350-900s, 10 B747-8Fs and eight B777-200Fs, with a total value of almost HK$200 billion.
Cathay Pacific’s Chief Executive, John Slosar said; “We are very pleased to announce this latest Boeing order, which highlights our commitment to operating a modern and efficient fleet together with a deep commitment to our home city, Hong Kong. The Boeing 777-300ER is a superb aircraft that has already given a significant boost to our long-haul passenger operations, while the Boeing 777-200F will improve our freighter operations by delivering improved payload range capability at competitive operating costs.
“The Boeing 777-200Fs, together with the other new aircraft types, will provide us with exactly the right balance in our fleet portfolio through to the end of the decade along with a more efficient and environmentally friendly operation,” Slosar added.