Cathay Pacific finalizes agreement for Boeing 777-300ERs

Cathay Pacific and Boeing yesterday signed a definitive agreement for the purchase of 12 Boeing 777-300ER (Extended Range) jetliners and purchase rights for 20 additional 777-300ERs.

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.

Separately, Cathay Pacific plans to lease four more 777-300ERs from International Lease Finance Corporation.

An initial launch customer of the Boeing 777-200 and later of the 777-300, Cathay Pacific has played a critical role in the program’s success and especially in shaping the performance capabilities and comfort standards of the 777 twinjet family. The 777 fuselage cross-section finally adopted by Boeing during the aircraft’s design phase was originally proposed by Cathay Pacific.

“These aircraft orders mark an exciting and significant milestone in the development of our airline,” said Philip Chen, chief executive officer, Cathay Pacific Airways. “These aircraft will enhance our strength as a carrier and Hong Kong’s position as a global hub and gateway to the Chinese Mainland.”

The 777-300ER carries 365 passengers up to 7,880 nautical miles (14,594 kilometers).

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