Cathay Pacific Orders 21 Boeing 777X

Hong Kong flag-carrier Cathay Pacific has ordered 21 long haul Boeing 777-9X planes at a list price of US$7.48 billion dollars (S$9.48 billion), the firm announced on Friday, as part of its fleet modernisation program.

The 777X series is Boeing's newest member of the 777 family, with advanced technology including new composite wings and new engines that consume 20 per cent less fuel than today's 777.

Cathay did not reveal the purchase price but airlines usually negotiate a discount from the catalogue price.

"The 777-9X promises us improved payload range capability and reduced operating costs, in addition to a significant reduction in environmental emissions," the airline's chief executive John Slosar said in a statement.