{"id":42723,"date":"2025-01-23T08:59:41","date_gmt":"2025-01-23T08:59:41","guid":{"rendered":"https:\/\/peraltafinancing.com\/airline\/cathay-pacific-nears-boeing-777-8f-freighter-order\/"},"modified":"2025-01-23T08:59:41","modified_gmt":"2025-01-23T08:59:41","slug":"cathay-pacific-nears-boeing-777-8f-freighter-order","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=42723","title":{"rendered":"Cathay Pacific nears Boeing 777-8F freighter order"},"content":{"rendered":"


\n<\/p>\n

\n

Cathay Pacific Airways Ltd is close to placing an order worth around $2
\nbillion for Boeing 777-8F freighters as the Hong Kong carrier embarks on
\n the partial renewal of a fleet of dedicated 747 cargo jets, industry
\nsources said on Monday.<\/span><\/p>\n

The selection follows a hard-fought battle for the business of one of
\n the world’s top-five freight airlines, which had been comparing the
\nall-freight version of the future Boeing 777X jet family with an
\nupcoming cargo model of the existing Airbus A350.<\/span><\/p>\n

Industry sources
\n have said the competition involved an initial purchase of around half a
\n dozen aircraft, worth some $2 billion at list prices before traditional
\n airline discounts.<\/span><\/p>\n

Cathay Pacific said it had no immediate announcement to make.<\/span><\/p>\n

“We
\n continue to invest in and grow our fleet with the addition of new,
\nstate-of-the-art and fuel-efficient aircraft,” a Cathay spokesperson
\nsaid by email.<\/span><\/p>\n

“We have no specific updates or announcements to make at this time regarding the fleet.”<\/span><\/p>\n

Boeing and Airbus declined comment on commercial discussions.<\/span><\/p>\n

Boeing
\n launched the 777-8F freighter with an order from Qatar Airways in
\nJanuary 2022, six months after Airbus launched development of the A350
\nFreighter in a bid to weaken its U.S. rival’s traditional grip on the
\nmarket for freighters.<\/span><\/p>\n

Cathay Pacific told analysts last November
\nit was looking at more freighter capacity and working “actively” with
\nplane-makers to acquire some of the new freighters coming up after 2025.<\/span><\/p>\n

Situated
\n at the heart of pre-pandemic trade lanes, Cathay’s decision on where to
\n place bets for the next phase of its cargo development is seen as a key
\n test for the two freighters because the airline operates underlying 777
\n and A350 passenger models.<\/span><\/p>\n

Cathay Pacific is the world’s
\nfifth-largest air freight carrier and the third-largest traditional
\nfreight airline behind Qatar Airways and Emirates when specialist
\nexpress parcel carriers FedEx and UPS are excluded, according to latest
\navailable data from the International Air Transport Association.<\/span><\/p>\n

(Tim Hepher and Valerie Insinna – Reuters)<\/span><\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

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