PIA orders five Boeing 777s, option for five more

[Hyde]

PIA orders five Boeing 777s, option for five more

WASHINGTON: US aircraft manufacturer Boeing announced Monday that Pakistan International Airlines (PIA) has ordered five of its 777-300ER long-range passenger jets, with an option for five more.

The planes are "valued at nearly $1.5 billion at list prices," the US manufacturer said in a statement.

PIA "has been renewing its long-haul fleet to accommodate increased demand for air travel as well as to introduce new routes," Boeing said.

PIA managing director Nadeem Yousufzai lauded the 777-300ER's "excellent operating economics, long range capability and reliability."

Boeing said it had logged 200 net orders for 777s in 2011, by far the best year for the family of aircraft, in service since 1995. (AFP)
AFP

Source: PIA orders five Boeing 777s, option for five more

 

[Respect4Respect01]

corruption at its peak, we already have so many planes but they are grounded, why are we buying more seriously?

 

[SHAMK9]

corruption at its peak, we already have so many planes but they are grounded, why are we buying more seriously?

They r grounded because they r older thn our parents, PIA desperately needs new planes like a320,a321 and 787s, good step by PIA

 

[AZADPAKISTAN2009]

Reference:
Boeing Secures $1.5 Billion Jet Order From Pakistan International Airlines | Fox Business

Boeing (BA: 75.35, +0.08, +0.11%) cemented an order on Monday worth almost $1.5 billion to build a slew of jumbo passenger jets for Pakistan International Airplanes.

The Chicago-based aerospace giant said the deal includes a firm order of five 777-300ER (extended range) jets as well as the purchase rights for an additional five.

“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,” Marty Bentrott, vice president of sales for the Middle East, Russia and Central Asia for Boeing, said in a statement.

Given recent cutbacks in the U.S. defense budget, Boeing has had to increasingly rely on sales to international airlines as a way to boost sales. Last week Indonesia’s Lion Air inked a deal to buy 230 planes from Boeing for $22.4 billion -- the largest ever for Boeing by both dollar amount and the number of planes.

The 777-000ER ordered by Pakistan features dual twin engines that are built by General Electric (GE: 19.28, +0.27, +1.42%) as well as the Boeing Signature Interior, which includes wider seats, wider aisles and more headroom.

“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,” said Nadeem Yousufzai, managing director of Pakistan International Airlines.

Last year Boeing sold 200 of the 777 jets in 2011, setting a new company record.

Boeing’s shares, which have risen less than 3% so far this year, were inactive on Monday as U.S. markets were closed in observance of Presidents Day.

Read more: Boeing Secures $1.5 Billion Jet Order From Pakistan International Airlines | Fox Business

 

[Kompromat]

I flew aboard Emirates 777-300ER on my way to Pakistan and back , i must admit these are the most comfortable planes i have ever boarded not just the inflight comfort but also you don't hear those stupid engine noises etc.