Cathay Pacific Orders $1 Billion Worth of Boeing Planes (BA)

Cathay Pacific Orders $1 Billion Worth of Boeing Planes

On Monday, Boeing (NYSE: BA ) and Cathay Pacific Airways announced a deal, worth $1 billion at list prices (although no one ever pays those), for the sale of three Boeing 747-8 freighters to the Hong Kong cargo carrier.

According to the press release, when paired with two other 747-8s it has on order, this deal will increase the 747-8 portion of Cathay's freighter fleet to 13 planes. The carrier currently flies:

Six 747-400 freighters, which it's gradually phasing out and replacing with 747-8s.
Eight 747-8 freighters, with now five on order.
Six 747-400ER freighters.
One 747-400 BCF.

Cathay has taken out five options to purchase 777 freighters as well.

At 250 feet, 2 inches in length, the 747-8 is 18 feet, 4 inches longer than the 747-400 freighter it's gradually replacing, making it capable of carrying 16% more revenue cargo volume, according to Boeing, and has improved fuel efficiency that results in "nearly equivalent trip costs and lower ton-mile costs."

link

Jeff Fischer and team have demystified options. And they can rack up income like $1,030... $2,626... and $3,228 on a schedule you can set your watch by!
That's why we're glad to announce every single one of their closely guarded strategies is available to YOU during May and June – 100% FREE, no strings attached! Just enter your email address in the box below...

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.