Boeing announced Monday that Cathay Pacific Airways had ordered three 747-8 freighter airplanes, while Air China Cargo, a subsidiary of Air China, agreed to buy eight 777 freighters.
Cathay Pacific’s order, which is valued at $1 billion, also includes options for five additional 777 freighters. The new aircraft will increase Cathay Pacific’s 747-8 freighter fleet to 13 planes.
“The 747-8 freighter has provided our revamped cargo fleet with efficient fuel savings as well as added environmental benefits,” said John Slosar, chief executive of Cathay Pacific.
Over time, the new 747-8 freighters are expected to replace the airline’s 747-400 Boeing Converted Freighter fleet.
Boeing’s agreement with Air China Cargo requires Chinese government approval.
Air China has also agreed to buy two 747-8 Intercontinentals, one 777-300ER and 20 Next-Generation 737-800s.
“We’re very pleased that Air China has decided to add more 747-8 Intercontinentals, 777-300ERs and 737-800s to its expanding fleet, and we are excited to introduce our super-efficient 777 freighters to the Air China Cargo fleet,” said Ihssane Mounir, vice president of sales and marketing for Northeast Asia, Boeing Commercial Airplanes. “Our long and enduring partnership with Air China goes back to the airline’s beginning, and we’re proud to be part of their success.”