Boeing and Cathay Pacific finalize agreement for Additional 777-300ERs

Cathay Pacific has signed an agreement with Boeing for the purchase of two additional Boeing 777-300ER (Extended Range) jetliners, exercising existing purchase rights and bringing the airline's total 777-300ER commitment to 18 airplanes over the past six months.

Cathay Pacific ordered 12 777-300ERs from Boeing in December 2005, as well as four additional airplanes from International Lease Finance Company.

Cathay Pacific plans to take delivery of the two new 777-300ERs in 2008. The airplanes are valued at approximately US$500 million at list prices, and will be powered by General Electric GE 90-115B engines.

"Cathay Pacific is a long-time customer and we are especially pleased that the 777-300ER plays such a strategic role in their plans," said Larry Dickenson, vice president, Sales - Boeing Commercial Airplanes. "Their ambitious delivery schedule is a key indication of fuel efficiency of the 777 family and its ability to make an immediate impact on fuel costs."

Cathay Pacific was part of the launch team for both the Boeing 777-200 and 777-300 models, playing a critical role in the 777's success, especially the performance capabilities and comfort standards of the jetliner family.

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

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