Cathay Pacific: To Buy 21 777-9X Planes From Boeing
20 December 2013 - 9:52PM
Dow Jones News
HONG KONG--Cathay Pacific Airways Ltd. (0293.HK) has agreed to
buy 21 777-9X planes from U.S. aircraft maker Boeing as the Hong
Kong-based carrier seeks to further expand its long-haul
network.
The carrier, which didn't disclose the exact purchase price,
said the combined list price of the 21 widebody jets is US$7.46
billion and that Boeing has granted it 'significant price
concessions.'
The purchase of the 21 400-seat twin-engine jets is part of
Cathay Pacific's effort to boost its long-haul destinations in
North America and Europe amid a gradual global economic
recovery.
It will begin taking deliveries of the aircraft from 2021.
Write to Joanne Chiu at Joanne.Chiu@wsj.com
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