The Hong Kongers had previously indicated that they were talking to Boeing about a possible postponement, and that has therefore led to an agreement. It is not known whether the American aircraft manufacturer will be financially compensated in any way for this downer.
Initially, Cathay would receive the first 777-9s in 2021, but due to delays in the development of the device, this was no longer feasible anyway. Launch customers Emirates and Lufthansa now expect the first copies in 2022.
Not an ideal moment
It is not exactly an ideal time for Boeing to bring a new aircraft to the market. A few other customers have also indicated that they would like to be postponed. While there is still plenty of demand left for the 777-9, that’s not the case for the smaller ultralonghaul ‘brother’, the 777-8.
Development of the 777-8 was delayed before the corona crisis due to a lack of interest. Now that few new widebody orders can be expected in the coming years due to the crisis, the chance of cancellation is increasing.
The 777-8 should be seven meters shorter than the 777-9. Partly because of this, a gigantic flight range of more than 16,000 kilometers is possible.
Cathay Pacific restructuring
Cathay Pacific announced today that it will lose an additional 8,500 jobs in the society, many of them through forced layoffs. The subsidiary Cathay Dragon will also be closed down. Hong Kongers are more pessimistic about the aviation recovery.
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