Hong Kong's Cathay Pacific Airways today announced orders for six of The Boeing Co.'s 777-300ER twin jets, but Boeing rival Airbus walked away with a bigger prize, an order for 30 of its A350XWB airliners.
At list prices, that Airbus order is worth $6.75 billion. The Boeing order by that same standard is worth $1.65 billion. Major customers such as Cathay don’t pay sticker prices and rarely disclose what they paid.
The 777s will supplement 18 777s already in Cathay’s fleet and 12 more that are on order.
Airbus plans to begin deliveries of the A350 in three years, but the company is already hinting design and production delays might postpone deliveries.