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 December 19, 2014

News: SpaceX’s attempt to land rocket on floating barge postponed - It’s set to be one of the most groundbreaking moments in humanity’s six decades of space exploration. Obama signs $1.1 trillion spending bill into law - President Obama signed the $1.1 trillion federal spending measure into law Dec. 16, officially ending any threat of a government...
 
 

News Briefs December 19, 2014

Trial set for ex-Navy engineer in military secrets case A former Navy civilian engineer is scheduled to stand trial next summer on charges of trying to steal aircraft carrier schematics. Media outlets report that 35-year-old Mostafa Awwad of Yorktown, Va., pleaded not guilty Dec. 17 to two counts of attempted exportation of defense articles and...
 
 
Army photograph by C. Todd Lopez

Army to launch cruise missile-detecting aerostat at Aberdeen Proving Ground

Army photograph by C. Todd Lopez The Army plans to launch an aerostat, part of the “Joint Land Attack Cruise Missile Defense Elevated Netted Sensor,” in late December 2014. The JLENS aerostat will be tethered to the...
 

 
Air Force photograph by SrA. Jordan Castelan

AF delivers Iraqi F-16s for training in US

Air Force photograph by SrA. Jordan Castelan Iraqi air force captain Hama conducts preflight inspections while inside a new to service Iraqi F-16 Fighting Falcon Dec. 17, 2014, located at the nearby Tucson International Airport...
 
 
Air Force photograph by SSgt. Derek VanHorn

Short-notice: A new way to exercise

Air Force photograph by SSgt. Derek VanHorn Airmen from Kadena Air Base, Japan, prepare for an aeromedical evacuation exercise on a KC-135 Stratotanker Dec. 5, 2014, at Misawa Air Base, Japan. The operation was executed in supp...
 
 
Lockheed Martin photograph by Andy Wolfe

Japan, Australia to provide F-35 maintenance sites in Pacific region

Lockheed Martin photograph by Andy Wolfe An F-35C Lightning II joint strike fighter carrier variant prepares to launch from the aircraft carrier USS Nimitz in the Pacific Ocean, Nov. 6, 2014. Japan and Australia will be sharing...
 




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=""> <strike> <strong>