Business

March 4, 2013

Boeing, Cathay Pacific announce order for three 747-8 feighters

boeing-cathay-pacific
Boeing and Cathay Pacific Airways March 4 announced an order for three 747-8 Freighter airplanes. The order, valued at approximately $1 billion at list prices, also includes options for five additional 777 Freighters. The new additions will bolster Cathay Pacific’s 747-8 Freighter fleet to 13 airplanes.

“The 747-8 Freighter has provided our revamped cargo fleet with efficient fuel savings as well as added environmental benefits,” said John Slosar, Chief Executive of Cathay Pacific Airways. “We are pleased with the in-service performance of this new airplane and we look forward to maintaining Cathay Pacific’s market leadership.”

Hong Kong’s flag carrier is in the midst of renewing its freighter fleet with newer, more efficient airplanes, while also looking to strengthen its position as a market leader in the air cargo business.

“Cathay Pacific is a longstanding customer and operator of Boeing’s products and services,” said Boeing Commercial Airplanes President and CEO Ray Conner. “We value our partnership with Cathay Pacific and are grateful for their enduring confidence in Boeing and the 747-8 Freighter.”

The new 747-8 Freighters are expected to progressively replace Cathay Pacific’s 747-400 Boeing Converted Freighter fleet. Cathay Pacific currently operates six 747-400 Freighters, eight 747-8 Freighters, six 747-400ER Freighters and one 747-400 BCF.

The 747-8 Freighter gives cargo operators the lowest operating costs and best economics of any large freighter airplane while providing enhanced environmental performance. At 250 feet, 2 inches (76.3 m) long – 18 feet, 4 inches (5.6 m) longer than the 747-400 Freighter – the 747-8 Freighter gives customers 16 percent more revenue cargo volume compared to its predecessor with nearly equivalent trip costs and lower ton-mile costs.

With more than 100,000 hours in service, the 747-8 Freighters are achieving performance milestones with customers reporting 1 percent better fuel burn than expected.

Cathay Pacific currently operates eight 747-8 Freighters and with today’s order, the airline is set to take delivery of five more. A total of 70 747-8 Freighters have been ordered by more than nine customers around the world. To date, Boeing has delivered 28 747-8 Freighters to six airlines.




All of this week's top headlines to your email every Friday.


 
 

 

Headlines July 7, 2015

News: F-35 loses dogfight to fighter jet from 1980s – A new report alleges that an F-35A was defeated by the very aircraft it is meant to replace.   Business: South Korea selects Airbus for $1.33 billion tanker contract – European aerospace giant Airbus won a $1.33 billion deal June 30 to supply air refueling...
 
 
U.S. Chamber of Commerce photograph

Boeing, Embraer to collaborate on ecoDemonstrator technology tests

U.S. Chamber of Commerce photograph Frederico Curado, president & CEO of Embraer, and Marc Allen, president of Boeing International, at the Brazil-U.S. Business Summit in Washington, D.C. The event occurred during an offici...
 
 
Untitled-2

Tactical reconnaissance vehicle project eyes hoverbike for defense

The U.S. Army Research Laboratory, or ARL, has been exploring the tactical reconnaissance vehicle, or TRV, concept for nearly nine months and is evaluating the hoverbike technology as a way to get Soldiers away from ground thre...
 

 
Air Force photograph by SSgt. William Banton

Upgraded AWACS platform tested at Northern Edge

Air Force photograph by SSgt. William Banton Maintenance crew members prepare an E-3G Sentry (AWACS) for takeoff during exercise Northern Edge June 25, 2015. Roughly 6,000 airmen, soldiers, sailors, Marines and Coast Guardsmen ...
 
 
LM-Legion

Lockheed Martin’s Legion Pod™ takes to skies

Lockheed Martin photograph by Randy Crites Lockheed Martin’s Legion Pod recently completed its first flight test, successfully tracking multiple airborne targets while flying on an F-16 in Fort Worth, Texas. Legion Pod was in...
 
 
Air Force photograph by SSgt. Marleah Robertson

First Marine graduates Air Force’s F-35 intelligence course

Air Force photograph by SSgt. Marleah Robertson Marine Corps 1st Lt. Samuel Winsted, an F-35B Lightning II intelligence officer, provides a mock intelligence briefing to two instructors during the F-35 Intelligence Formal Train...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>