Cathay Pacific Airways Ltd. (HK:0293) has ordered four more wide-body aircraft from The Boeing Company (NYSE:BA), bringing its total orders to 24 since ordering 20 777X aircraft for $7.5 billion on Dec. 20.
The Hong Kong-based airline has ordered three more of the 777-300 extended-range jets, adding to the 38 it currently operates. All three are due to be delivered in 2015, and a 747-8 freighter that will be ready in 2016 will be delivered then.
While the combined list price of the four aircraft is approximately $950 million, Cathay Pacific said it is getting a substantial discount from Boeing as the plane manufacturer looks to capitalize on growth in the Asian long-haul travel market.
In addition to the three new 777-300 extended-range jets, Cathay Pacific will receive 15 more of them in 2014 and 2015, with five pre-ordered freighters due to be delivered in 2016.
The $7.5 billion order for the 777X was Asia’s first for the new aircraft, which is expected for delivery between 2021 and 2024.
Born and allegedly conceived by candlelight in 1984, Christopher was raised in Edinburgh, Scotland. After four years in the British Royal Navy, he decided to leave the sea...