Pakistan International Airlines finalize order for five Boeing 777-300ERs, includes purchase rights for five additional 777-300ERs

Karachi: Boeing Company and Pakistan International Airlines Monday announced a firm order for five 777-300ER extended range airplanes. Valued at nearly $1.5 billion at list prices, the order also includes purchase rights to PIA for five additional 777-300ERs, a Boeing company press release said.

PIA has been renewing its long-haul fleet to accommodate increased demand for air travel as well as to introduce new routes. “With passenger traffic in our region accelerating, new 777-300ER airplanes will continue to deliver the highest standards of technology and passenger comfort to our customers,” said Capt. Nadeem Yousufzai, Managing Director PIA. “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.”

In 2002, Pakistan’s flag carrier became the world’s first airline to have purchased all three passenger models of the 777 Family and in that year was also the launch customer for 777-200LR longer range airplane.

“We are proud that PIA is a special Boeing customer that continues to invest and trust in industry-leading capabilities of the 777 family of airplanes,” said Marty Bentrott, vice president Sales for Middle East, Russia & Central Asia, Boeing Commercial Airplanes. “Boeing values the excellent partnership that was established over 10 years ago and one which we hope to continue well into the future as the airline progresses with its expansion plans.”

2011 the best-selling year for 777 Program with a net order book of 200 surpassing previous record of 154 orders set in 2005. 777-300ER brings new twin-engine efficiency to airline’s long-haul fleet. It is powered by General Electric GE90-115BLs, world’s largest and most powerful commercial jet engines, also features Boeing Signature Interior that offers wider seats, wider aisles, more headroom and more seating flexibility.

“Today’s announcement further demonstrates our strong relationship with PIA,” said Miguel Santos, Director International Sales, Boeing Commercial Airplanes.” 777-300ER is a perfect fit for PIA as it will generate more revenue, carry additional payload, while extending range capability.” With this order, PIA 777 fleet will grow to 14, including three 777-200ERs, two 777-200LRs and eight 777-300ERs.

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