Cathay Pacific has ordered three Boeing 747-8 Freighters in a deal valued at some $1 billion. It has also taken options for five additional 777 Freighters.
The new additions will take Cathay’s 747-8 Freighter fleet to 13.
“The 747-8 Freighter has provided our revamped cargo fleet with efficient fuel savings as well as added environmental benefits,” said Cathay chief John Slosar.
The carrier is in the midst of renewing its freighter fleet with newer, more efficient aircraft.
Boeing says the 747-8 Freighter gives customers 16 per cent more revenue cargo volume compared to its predecessor with nearly equivalent trip costs and lower ton-mile costs.