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3w ago

Cathay Pacific Adds 14 Boeing 777-9 Jets in First Order Since 2013

Valued at $8.1 billion, the exercise raises its firm 777-9 orders to 35, fitting into its long-haul renewal plan under pressure from declining yields.

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A Boeing 777X test aircraft (Photo: AirlineGeeks | William Derrickson)

Overview

  • Cathay Pacific exercised its purchase rights for 14 additional Boeing 777-9 aircraft, marking its first Boeing jet order since 2013 and bringing its total firm 777-9 commitment to 35 units with options for seven more.
  • The $8.1 billion deal at list prices secures first deliveries from 2027 through 2034 and is set to replace the airline’s fleet of 777-300ERs on long-haul and select regional routes.
  • Alex McGowan, Cathay’s chief operations and service delivery officer, said Boeing’s 777X programme is making “great progress” in flight testing with a fifth test aircraft now flying.
  • In its H1 financial report, Cathay posted a 1 percent profit rise to HK$3.65 billion driven by growing passenger numbers and lower fuel costs but warned of falling yields and an uncertain cargo market.
  • The order aligns with Cathay’s broader fleet renewal strategy focused on sustainability goals, customer experience upgrades and network expansion from its Hong Kong hub.