Airline Confirms 12 Firm 777-300ER Orders, Purchase Rights For
tell Aero-News the aerospace manufacturer signed the formal
agreement Thursday with Cathay Pacific Airways for the purchase of
12 Boeing 777-300ER (Extended Range) jetliners, and purchase rights
for 20 additional 777-300ERs.
"This is one of the world’s best airlines choosing one of
the world’s best airplanes," said Alan Mulally, president and
CEO, Boeing Commercial Airplanes. "Cathay Pacific’s
reputation for exceptional passenger service and effective and
profitable operations makes its selection of the 777-300ER
As was reported in Aero-News,
Cathay Pacific announced its intention to order the 12 aircraft,
valued at approximately $2.85 billion at list prices, on December
2. The airline plans to lease four more 777-300ERs from
International Lease Finance Corporation.
"These aircraft orders mark an exciting and significant
milestone in the development of our airline," said Cathay Pacific
Airways CEO Philip Chen. "These aircraft will enhance our strength
as a carrier and Hong Kong’s position as a global hub and
gateway to the Chinese Mainland."
Cathay Pacific plans to take delivery of the new 777-300ERs
between September 2007 and July 2010. The 777-300ERs will be
powered by the General Electric GE 90-115BL2 engine.
The 777-300ER carries 365 passengers up to 7,880 nautical miles
(14,594 kilometers). Recently, Boeing made enhancements to the
777-300ER that improve the airplane’s overall fuel efficiency
by 1.4 percent. This amount is in addition to the 2 percent
fuel-burn improvement already proven in revenue service by airlines
that currently operate the 777-300ER.
The 1.4 percent improvement in fuel efficiency equates to an
annual savings of approximately 200,000 gallons (757,000 liters)
per aircraft, according to Boeing.
With the Cathay Pacific order, Boeing has secured 127 orders for
the 777 in 2005. Over the life of the 777 program, 43 airlines
worldwide have placed 800 firm orders for 777s.