Cathay Cancels Order for Eight Boeing 777-200 Freighters
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Cathay Pacific Airways Ltd., the world’s biggest international air-cargo carrier, canceled an order for eight Boeing Co. 777-200 freighters as it revamps its fleet.
Cathay will instead buy three Boeing 747-8 freighters worth $1 billion at list prices, the carrier said in a filing to Hong Kong stock exchange today. The company also has options to purchase five Boeing 777-200 freighters, it said.