Boeing has received an order from Cathay Pacific Airways for three 747-8 freighters valued at US$1 billion at list prices. The contract includes options for five additional 777 freighters. The new aircraft will bring the number of 747-8 freighters to 13.
Adding to Boeing's win is a bumper order from Air China Cargo, which has agreed to buy eight 777 freighters, two 747-8 Intercontinentals, one 777-300ER (Extended Range) and 20 Next-Generation 737-800s. The new aircraft will expand its capacity to meet growing demand in Asia Pacific and China.
Said Boeing vice president Ihssane Mounir: "Our long and enduring partnership with Air China goes back to the airline's beginning and we're proud to be part of their success."
The Hong Kong-based airline said the new freighters will facilitate the expansion of its cargo operations. It will gradually replace aging Boeing converted freighters (BCF) with the more fuel-efficient and environmentally-friendly planes. The carrier has six 747-400Fs, eight 747-8Fs, six 747-400ERFs and one 747-400 BCF in its fleet.
Said Cathay CEO John Slosar: "The 747-8 freighter has provided our revamped cargo fleet with efficient fuel savings as well as added environmental benefits."
The 747-8 Freighter is 250 feet long, making it 18 feet longer than the 747-400F, offering "16 per cent more revenue cargo volume compared to its predecessor with nearly equivalent trip costs and lower ton-mile costs", the release from the US aircraft manufacturer said.
So far, seventy 747-8 freighters have been ordered by more than nine customers around the world. To date, Boeing has delivered twenty-eight 747-8 Freighters to six airlines.