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Cathay: $7.5 billion order for Boeing jets
Posted By -NO AUTHOR- On 12/22/2013 @ 12:22 pm In Money,World | No Comments
(SOUTH CHINA MORNING POST) — Cathay Pacific Airways, Asia’s biggest international carrier, will order 21 Boeing 777X-9X jets valued at US$7.5 billion, betting on the newest twin-aisle offering from the US plane maker to modernise its fleet.
Cathay said it expected to take delivery of the new aircraft from 2021 to 2024 and would use them to serve destinations in North America and Europe.
Chief executive John Slosar has been pushing to retire the airline’s older 747-400 fleet and replace it with more fuel-efficient and modern aircraft as it competes with Emirates for the lucrative business traveller market.
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