Boeing has booked a big order for its planned 777X aircraft from the plane’s first Asian customer.
Hong Kong airline Cathay Pacific is buying 21 of the plane’s 777-9X version. The order is worth $7.9 billion at list price, but airlines get large discounts on big orders so the real price is likely around $4.4 billion, according to data from aircraft valuation firm Avitas.
The 777X will be an updated version of Boeing’s best-selling 777. That is Boeing’s second-biggest plane, used by airlines for very long international flights. For the new version, Boeing plans to replace its aluminum wings with wings made from a lightweight, high-tech plastic, and make other improvements that will make the plane more fuel-efficient.
Boeing has booked orders for 259 of the planes, worth a total of $95 billion at list prices.
- Turkey’s president, Putin hurl insults after plane downed
- Teen, one of 14 siblings, finally gets to be a kid
- Seattle sushi fans, rejoice: Shiro's new place is open
- UW fires women’s crew coach Bob Ernst
- 2015 Apple Cup might be the start of something big for UW, WSU
Most Read Stories
Boeing builds the current 777 in Everett, Wash., but it is still deciding where it will build the 777X.