Cathay Pacific CEO just dropped $8 billion on Boeing jets - here's why
Key Points
- Cathay Pacific has committed $8 billion to purchase 14 Boein...
Cathay Pacific just committed $8 billion to buying 14 shiny new Boeing 777-9 jets, bringing their total order to 35 aircraft. That's roughly the GDP of a small island nation, but who's counting when you're trying to dominate the skies?
Flying High on Fuel Efficiency
CEO Ronald Lam isn't just throwing money around like a lottery winner at a car dealership. These 777-9s promise 20% better fuel efficiency and 40% less noise pollution - basically the Tesla of jumbo jets, minus the questionable Twitter activity. The airline is banking on these flying fuel-sippers to cut operational costs whil...
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