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Boeing, Pakistan International Airlines Finalize Order For Five 777-300ERs

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2/20/2012 1:58 PM ET

Boeing Co. (BA: Quote) on Monday announced a firm order for five 777-300ER airplanes from Pakistan International Airlines.

Valued at nearly $1.5 billion at list prices, the order also includes purchase rights to Pakistan International Airlines for five additional 777-300ERs.

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.

Boeing said that 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.

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by RTT Staff Writer

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