Everett, Wash., /PRNewswire/ Boeing [NYSE: BA] and Pakistan International Airlines today 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 Pakistan International Airlines for five additional 777-300ERs.

Based in Karachi, Pakistan International Airlines 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, the 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 of Pakistan International Airlines. "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 purchase all three passenger models of the 777 Family and in that year was also the launch customer for the 777-200LR (longer range) airplane.

"We are proud that Pakistan International Airlines is a special Boeing customer that continues to invest and trust in the industry-leading capabilities of the 777 family of airplanes," said Marty Bentrott, Vice President of Sales for the Middle East, Russia and 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 was the best-selling year for the 777 program with a net order book of 200 surpassing the previous record of 154 orders set in 2005. The 777-300ER brings new twin-engine efficiency to the airline's long-haul fleet. The airplane is powered by General Electric GE90-115BLs.

Source: Boeing

Background:

IATA
PK
ICAO
PIA
Callsign
PAKISTAN


Pakistan International Airlines Corporation (known as PIA,) is the flag carrier airline of Pakistan. The airline has its head office Jinnah International Airport in Karachi.

Operates scheduled services to 24 domestic destinations and 38 international destinations in 27 countries across Asia, Europe and North America. Its main hubs are at Karachi, Lahore and Islamabad/Rawalpindi. The airline's secondary hubs include Peshawar, Faisalabad, Quetta, Sialkot and Multan, from which it connecting with the Middle East and the Far East.

The Pakistan Ministry of Defence (Government of Pakistan) owns 87% and other shareholders 13%.

Staff members are approximately 18,000

Key people: Ahmad Mukhtar (Chairman), Nadeem Khan Yousufzai (Managing Director)

Website: piac.com.pk

Aircraft

Total

Configuration

Notes

J

Q

Y

Total

Airbus A310-300

12

12

40

132

184

18

43

144

205

18

45

142

205

ATR 42-500

7

10

40

50

Boeing 737-300

6

24

94

118

27

92

119

Boeing 747-300

5

30

448

478

Boeing 777-200ER

4

35

45

240

320

35

54

240

329

Boeing 777-200LR

2

35

60

215

310

Boeing 777-300ER

3

35

60

304

393

5 additional ordered. The subject of this article and some media reported delivery from March 2015

Total 39