Cathay Pacific Orders 10 Boeing 777-300ERs

Hong Kong-based Cathay Pacific has ordered 10 Boeing 777-300ER (extended range) airplanes valued at $2.8 billion at list price.

Cathay Pacific first announced its selection of the 777-300ER for its fleet requirements in 2005. With this order, Cathay Pacific will increase its Boeing 777-300ER planned fleet from 36 to 46 (including 4 leased). It's the fifth increase in its acquisition plans for the long-range jetliner.

Cathay Pacific uses the Boeing 777-300ER for its ultra-long-haul and long-haul fleet, mainly serving destinations in North America and Europe.

"The Asia Pacific region is the world's fastest growing aviation market and Cathay Pacific is well positioned in Hong Kong to take advantage of this blooming market to grow our business," said Cathay Pacific Chief Executive Officer Tony Tyler. "Our newest 777 order highlights our continued commitment to developing Hong Kong's role as one of the world's leading international aviation hubs. As we continue to expand our fleet, the 777-300ER will play a crucial role in our operations in the years to come."

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