Cathay Pacific Airways orders three Boeing 747-8 Freighter cargo planes

Cathay Pacific, the world's largest international cargo carrier, also has options to buy five 777 Freighters, the Hong Kong flag carrier and the U.S. aerospace giant said in a joint statement.

Cathay Pacific currently operates eight Boeing 747-8 Freighters, a new plane that entered service in October 2011 with launch customer Cargolux.

Boeing says the 747-8 carries 16 percent more revenue-producing freight than its predecessor the 747-400 and has the lowest operating costs and best economics of any large freighter airplane.

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