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Boeing lands first Asian buyer for the new 777X

It makes US$7.5b sale to Cathay; pushes value of deals past US$100b
Monday, December 23, 2013 - 06:00
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Buying spree: Emirates, the largest international carrier, last month ordered 150 777X planes worth US$76 billion, with an option to buy 50 more. It's also the No 1 operator of the original 777. - PHOTO: BLOOMBERG

[HONG KONG] Boeing Co landed the first buyer in Asia for the new 777X jet with a US$7.5 billion sale to Cathay Pacific Airways Ltd, widening the customer base for a plane pivotal to staying ahead of Airbus SAS in the long-haul market. "Cathay's order is a vote of confidence in the model,"