Cathay Pacific Nears First Boeing Order Since 2013, Eyeing 777X Jets

Cathay Pacific Airways Ltd. is preparing to place its first aircraft order with Boeing Co. in over a decade, signaling renewed ties with the American manufacturer and offering a long-awaited boost to Boeing’s delayed 777X program.

According to individuals familiar with the matter, the Hong Kong-based carrier could announce the deal as early as Wednesday. The prospective order centers on Boeing’s 777X series, particularly the 777-9 model, which Cathay first committed to back in 2013.

The timing of the announcement is expected to coincide with Cathay’s release of its first-half financial results, which may show improved performance thanks to resurgent travel demand and declining jet fuel prices. However, the deal still awaits approval from the airline’s board, and final details of the order may yet shift.

A spokesperson for Cathay Pacific declined to comment. Boeing also withheld remarks on the reported developments.

Strategic Fleet Expansion

Should the deal proceed, it would mark Cathay’s first purchase from Boeing since its December 2013 order of 21 777-9 aircraft. Since that time, Boeing has struggled to keep pace with European rival Airbus SE, losing ground on nearly 150 aircraft commitments from Cathay alone.

Cathay’s fleet currently comprises 236 aircraft, including 73 Boeing jets and 163 from Airbus. The airline has active agreements to purchase over 110 additional aircraft, according to its 2024 annual report.

The latest talks also reveal Cathay's interest in other models, including the Boeing 787 Dreamliner, a jet not currently part of its operations, and potentially more Airbus A350s. Still, the possible return to Boeing signals strategic diversification and a potential realignment in long-term fleet planning.

Implications for Boeing’s 777X Program

Boeing’s 777X has faced repeated delays, with certification still pending and the aircraft not yet in commercial service. A confirmed order from Cathay would inject much-needed momentum into the program, particularly at a time when Boeing faces scrutiny over aircraft safety, production timelines, and competitive positioning.

Industry watchers have also noted that geopolitical dynamics have begun to factor more heavily into large aircraft deals, especially under the influence of former U.S. President Donald Trump's approach to aligning aircraft sales with broader trade strategies.

Future Growth and Infrastructure

New aircraft acquisitions are seen as essential for Cathay’s long-term strategy. The airline seeks to replace aging widebody 777s while preparing for increased passenger traffic expected from the expansion of Hong Kong International Airport.

The fleet renewal is also part of a broader recovery effort after years of pandemic-related losses, geopolitical disruptions, and leadership transitions. Cathay’s shareholders, including Swire Pacific Ltd. and Air China Ltd. are reportedly backing efforts to modernize operations and strengthen global competitiveness.