Cathay Pacific buys 12 Boeing planes

HONG KONG: Cathay Pacific said on Wednesday it will buy 12 planes from Boeing at a list price of more than $3 billion as part of the airline's expansion plans.

The Hong Kong-based carrier said it would buy four 777-300ER passenger aircraft and another eight 777-200F freighter aircraft for a total list price of $3.28 billion, but added it had won "significant price concessions" from the US aircraft maker.

Cathay said it would start taking delivery of the aircraft in 2013.

"The Boeing aircraft will replenish and expand the fleet capacity of the company," it said in a statement Wednesday.

"They will principally serve long-haul destinations in North America and Europe."