Karachi: Boeing [NYSE: BA] and Pakistan International Airlines today announced a firm order for five 777-300ER (extended range) airplanes. Valued at nearly $1.5 billion at list prices, the order also includes purchase rights to Pakistan International Airlines for five additional 777-300ERs.
Based in Karachi, Pakistan International Airline has been renewing its long-haul fleet to accommodate increased demand for air travel as well as to introduce new routes.
“With passenger traffic in our region accelerating, the new 777-300ER airplanes will continue to deliver the highest standards of technology and passenger comfort to our customers,” said Capt. Nadeem Yousufzai, Managing Director of Pakistan International Airlines. “The spacious 777-300ER has been an integral part of our long-range fleet renewal program and its excellent operating economics, long range capability and reliability will allow us to expand into new long-haul markets.”
In 2002, Pakistan’s flag carrier became the world’s first airline to have purchased all three passenger models of the 777 Family and in that year was also the launch customer for the 777-200LR (longer range) airplane.
“We are proud that Pakistan International Airlines is a special Boeing customer that continues to invest and trust in the industry-leading capabilities of the 777 family of airplanes,” said Marty Bentrott, vice president of Sales for the Middle East, Russia and Central Asia, Boeing Commercial Airplanes. “Boeing values the excellent partnership that was established over 10 years ago and one which we hope to continue well into the future as the airline progresses with its expansion plans.”
2011 the best-selling year for the 777 program with a net order book of 200 surpassing the previous record of 154 orders set in 2005. The 777-300ER brings new twin-engine efficiency to the airline’s long-haul fleet. The airplane is powered by General Electric GE90-115BLs, the world’s largest and most powerful commercial jet engines. The airplane also features the Boeing Signature Interior that offers wider seats, wider aisles, more headroom and more seating flexibility.
“Today’s announcement further demonstrates our strong relationship with Pakistan International Airlines,” said Miguel Santos, Director International Sales, Boeing Commercial Airplanes.” The 777-300ER is a perfect fit for Pakistan International Airline as it will generate more revenue and carry additional payload, while extending range capability.”
With this order, Pakistan International Airlines’ 777 fleet will grow to 14, including three 777-200ERs, two 777-200LRs and eight 777-300ERs. The airline currently operates scheduled services to 24 domestic destinations and 38 international destinations in 27 countries across Asia, Europe and North America.
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