Boeing 777X expected deliveries from backlog have come down by 118 units. Adjustment when turned into contract termination hits Boeing 777X program with $22B value reduction. Cathay Pacific (CX/CPA) has announced that it will defer deliveries of its brand-new Boeing 777-9X aircraft to “beyond 2025”, meaning the carrier will not receive the new 777X for at least the next five years. The 777X is Boeing’s newest family of wide-body airplanes that builds on the 777-300ER that is already deployed extensively around the Cathay Pacific network. The 777-9X is a larger twin-engine jet that will have both a larger payload than other twin-engine aircraft.
Cathay Pacific (CX/CPA) has announced that it will defer deliveries of its brand-new Boeing 777-9X aircraft to “beyond 2025”, meaning the carrier will not receive the new 777X for at least the next five years.
The carrier was originally supposed to take delivery of its order for 21 aircraft between 2021 and 2024, however has decided to defer the orders due to the COVID-19 pandemic and the resulting collapse in travel demand. This has been especially tough for Cathay, which had already faced significant issues pre-pandemic due to the Hong Kong protests, competition from other carriers and other business issues.
Cathay 777x Vs
Some speculate that the carrier may cancel its entire order for the 777X in order to save money on delivery costs, and instead simply make do with its current fleet, which is still relatively young. Like other airlines, Cathay Pacific has been trying to defer deliveries of new aircraft orders. Fortunately for the airline, Boeing has been relatively cooperative in allowing deferrals during the pandemic, although some carriers are still scheduled to take delivery of new planes like the 777X on schedule.
Cathay 777x Delivery
Since the aircraft will not be delivered for at least another five years, this means that Cathay Pacific will be delaying its new first and business class products for at least five years as well. The carrier had originally planned to debut the new cabins on the 777-9, however, with the order deferred and no plans to retrofit existing aircraft, Cathay Pacific’s new premium cabins will be put on hold for now.
Cathay Cancel 777x
Cathay Pacific 777x First Class
Featured image courtesy of Boeing