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CATHAY PACIFIC SELECTS BOEING 777

 CATHAY PACIFIC SELECTS BOEING 777
 SEATTLE, April 13 /PRNewswire/ -- The following was released today


by Boeing Commercial Airplane Group:
 Cathay Pacific Airways Ltd. today announced the selection of the Boeing 777 as its new-technology widebody airliner. The Hong Kong- based carrier said it would order 11 of the new jets and secure options on an additional 11.
 Total value of the 22 airplanes would be about $3.4 billion including spares and training. On final contract signing, the Cathay Pacific order will bring to 99 the number of 777s for which Boeing Commercial Airplane Group has firm commitments from a total of eight customer airlines. Announced options will increase to 86.
 Prior to the 777's official launch in October 1990, a number of airlines were involved in helping Boeing configure the new widebody to ensure it met the needs and preferences of the world's airlines. It was Cathay Pacific, which operates dozens of long-haul routes to and from its Hong Kong hub, that requested the 777 fuselage be wider than originally specified to provide even greater passenger comfort and seating flexibility.
 With an interior cabin 19 feet, 3 inches (5.86 meters) across, the 777 is the widest of any competing aircraft and can accommodate 305 to 440 passengers in six- to 10-abreast seating. Cathay's configuration will seat 18 in first class, 45 in business and 256 in economy for a total of 319. The airline has selected Rolls-Royce powerplants.
 Cathay Pacific Chairman David Gledhill said it was the operating efficiency and pleasing interior design of the 777 that tipped the decision.
 "For some considerable time we have been examining all of the available options for the replacement of the 747-200 fleet, and the 777 aircraft with Rolls-Royce Trent 800-series engines is the one that we believe will best ensure the future growth and profitability of the airline in all forecast economic circumstances," he said.
 Phil Condit, Boeing executive vice president and 777 Division general manager, said, "Cathay Pacific's involvement in the original configuration of the 777 was extremely valuable. Their input on the regional requirements was vital to develop the performance capabilities preferred by airlines.
 "Cathay's decision confirms that the 'market-driven' 777 is meeting airline requirements and objectives," Condit said.
 Cathay Pacific initially has chosen the "A" model of the 777, which can fly a distance of 5,600 miles (9,020 kilometers). However, the airline will have the right to convert some of the 777s to either the longer-range "B" model or a higher-capacity, stretched 777 currently being studied. The longer-range model will be capable of operating up to 7,600-miles (12,220-kilometers) nonstop flights, such as from Hong Kong to Europe. The stretch model, anticipated to be available in 1998, would have the same range as the initial 777s but would be about 20-percent larger in seating capacity.
 "The announcement by Cathay is another indication of the airlines' strong preference for the family concept of airliners, a Boeing hallmark," Condit said.
 Deliveries of the Cathay 777s will begin in spring 1996 and will extend through the end of 1998. If all options are exercised, deliveries would continue through the year 2000.
 Last year, Cathay Pacific converted three options for Boeing 747- 400s to firm orders in a transaction worth $440 million. Cathay received its 10th 747-400 in November and will take delivery of four more of the superjets later this year. An additional three will be delivered next year.
 Along with Cathay Pacific, other 777 customers include United Airlines, All Nippon Airways, Euralair, Thai Airways International, British Airways, Lauda Air and Japan Airlines. The first 777 will be delivered in May 1995 to United Airlines.
 -0- 4/13/92
 /CONTACT: David Jensen of Boeing Commercial Airplane Group, 206-237-8051; or Barbara Murphy of the Boeing 777 Division, 206-965-3345/
 (BA) CO: Boeing Commercial Airplane Group; Cathay Pacific Airways Ltd. ST: Washington IN: AIR SU: CON


SC -- SE003 -- 7540 04/13/92 08:05 EDT
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Date:Apr 13, 1992
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