In a significant development, Boeing (BA) and Cathay Pacific announced an order for 14 additional 777-9 passenger jets, aligning with the broader market's rise. Boeing's stock saw a notable increase of 17.

Boeing and Cathay Pacific today announced the Hong Kong-based carrier is ordering 14 more 777-9 passenger jets, bringing its order book to 35 of the world’s largest twin-engine airplane. Designed to reduce fuel use and emissions on average by 20% and noise by 40% compared to the airplanes it replaces,

B oeing has secured a deal with Cathay Pacific that will see the Hong Kong flag carrier and one world member commit to buying another 14 aircraft from the US planemaker's 777X family. All of these widebody twinjets will be examples of the larger 777-9 variant, for which Cathay Pacific has already placed other orders.