DTN News - AIRLINES NEWS: Boeing Adjusts 747-8 Production Rate

DTN News - AIRLINES NEWS: Boeing Adjusts 747-8 Production Rate

(NSI News Source Info) HONG KONG - October 19, 2013: Boeing [NYSE: BA] announced that it will adjust the production rate for the 747-8 program from 1.75 airplanes to 1.5 airplanes per month through 2015 because of lower market demand for large passenger and freighter airplanes.

"This production adjustment better aligns us with near-term demand while stabilizing our production flow, and better positions the program to offer the 747-8's compelling economics and performance when the market recovers," said Eric Lindblad, vice president and general manager, 747 Program, Boeing Commercial Airplanes. "Although we are making a small adjustment to our production rate, it doesn't change our confidence in the 747-8 or our commitment to the program."

The company expects long-term average growth in the air cargo market to begin returning in 2014, and forecasts global demand for 760 large airplanes (such as the 747-8) over the next 20 years, valued at $280 billion.

The 747-8 family provides airlines with double-digit improvements in fuel efficiency, operating costs and emissions, while being 30 percent quieter and adding more capacity. To date, the 747-8 has accumulated 107 orders for passenger and cargo versions, 56 of which have been delivered.

The first delivery at the new production rate is expected in early 2014. The production rate change is not expected to have a significant financial impact.

*Presented & compiled by DTN News ~ Defense-Technology News

(Read complete story on Defense-Technology News - Click on link undermentioned)

http://defense-technologynews.blogspot.hk/2013/10/dtn-news-airlines-news-boeing-adjusts.html

DTN News - AIRLINES NEWS: Boeing Adjusts 747-8 Production Rate

DTN News - AIRLINES NEWS: Boeing Adjusts 747-8 Production Rate

(NSI News Source Info) HONG KONG - October 19, 2013: Boeing [NYSE: BA] announced that it will adjust the production rate for the 747-8 program from 1.75 airplanes to 1.5 airplanes per month through 2015 because of lower market demand for large passenger and freighter airplanes.

"This production adjustment better aligns us with near-term demand while stabilizing our production flow, and better positions the program to offer the 747-8's compelling economics and performance when the market recovers," said Eric Lindblad, vice president and general manager, 747 Program, Boeing Commercial Airplanes. "Although we are making a small adjustment to our production rate, it doesn't change our confidence in the 747-8 or our commitment to the program."

The company expects long-term average growth in the air cargo market to begin returning in 2014, and forecasts global demand for 760 large airplanes (such as the 747-8) over the next 20 years, valued at $280 billion.

The 747-8 family provides airlines with double-digit improvements in fuel efficiency, operating costs and emissions, while being 30 percent quieter and adding more capacity. To date, the 747-8 has accumulated 107 orders for passenger and cargo versions, 56 of which have been delivered.

The first delivery at the new production rate is expected in early 2014. The production rate change is not expected to have a significant financial impact.

*Presented & compiled by DTN News ~ Defense-Technology News

(Read complete story on Defense-Technology News - Click on link undermentioned)

http://defense-technologynews.blogspot.hk/2013/10/dtn-news-airlines-news-boeing-adjusts.html

DTN News - AIRLINES NEWS: Boeing Adjusts 747-8 Production Rate

DTN News - AIRLINES NEWS: Boeing Adjusts 747-8 Production Rate

(NSI News Source Info) HONG KONG - October 19, 2013: Boeing [NYSE: BA] announced that it will adjust the production rate for the 747-8 program from 1.75 airplanes to 1.5 airplanes per month through 2015 because of lower market demand for large passenger and freighter airplanes.

"This production adjustment better aligns us with near-term demand while stabilizing our production flow, and better positions the program to offer the 747-8's compelling economics and performance when the market recovers," said Eric Lindblad, vice president and general manager, 747 Program, Boeing Commercial Airplanes. "Although we are making a small adjustment to our production rate, it doesn't change our confidence in the 747-8 or our commitment to the program."

The company expects long-term average growth in the air cargo market to begin returning in 2014, and forecasts global demand for 760 large airplanes (such as the 747-8) over the next 20 years, valued at $280 billion.

The 747-8 family provides airlines with double-digit improvements in fuel efficiency, operating costs and emissions, while being 30 percent quieter and adding more capacity. To date, the 747-8 has accumulated 107 orders for passenger and cargo versions, 56 of which have been delivered.

The first delivery at the new production rate is expected in early 2014. The production rate change is not expected to have a significant financial impact.

*Presented & compiled by DTN News ~ Defense-Technology News

(Read complete story on Defense-Technology News - Click on link undermentioned)

http://defense-technologynews.blogspot.hk/2013/10/dtn-news-airlines-news-boeing-adjusts.html

DTN News - AIRLINES NEWS: Boeing 747-8 Serves 100th Airport

DTN News - AIRLINES NEWS: Boeing 747-8 Serves 100th Airport

(NSI News Source Info) TORONTO, Canada - March 18, 2013: The Boeing [NYSE: BA] 747-8 has served its 100th airport just 16 months after entering service. The airplane, a 747-8 
Freighter operated by launch customer Cargolux, arrived in Hanoi, Vietnam, from Kuwait on Sunday.

"As the 747-8 launch customer, I want to congratulate the Boeing and Cargolux teams for 
their commitment and hard work that made this achievement possible," said Richard Forson, Cargolux interim president and chief executive officer. "We are proud to be the first airline to operate the 747-8F to the 100th airport worldwide that is able to accommodate this great aircraft on a commercial revenue flight. After all, it's a milestone for Boeing and Cargolux alike and a testament to the true pioneering spirit that has always characterized our two companies."

(Read complete story on Defense-Technology News - Click on link undermentioned)

http://defense-technologynews.blogspot.ca/2013/03/dtn-news-airlines-news-boeing-747-8.html

DTN News - AIRLINES NEWS: Boeing Delivers Nippon Cargo Airlines' First 747-8 Freighter

DTN News - AIRLINES NEWS: Boeing Delivers Nippon Cargo Airlines' First 747-8 Freighter

(NSI News Source Info) TORONTO, Canada - July 25, 2012: Boeing (NYSE: BA) has delivered a 747-8 Freighter to Narita-based Nippon Cargo Airlines (NCA), marking the Japanese debut for the 747-8. The new airplane is NCA's first 747-8 Freighter on order with Boeing.

"We are excited to take delivery of this new fuel-efficient freighter, which will be a perfect addition to NCA's cargo fleet," said Takuzo Nomura, Senior Executive Managing Director, NCA. "The 747-8 Freighter will provide improved economics and efficiency as well as environmental benefits that are all essential in today's market."

The airline currently operates eight 747-400 Freighters with two 747-400 Freighters on lease with other airlines.

"Nippon Cargo is a longtime partner and valued customer of the Boeing Company," said Brad McMullen, vice president of Japan and Oceania Sales, Boeing Commercial Airplanes. "We will continue to work closely with Nippon Cargo as they integrate the new 747-8 Freighters into their all-Boeing fleet and help to strengthen their commitment as a market leader."

The environmentally focused Nippon Cargo Airlines will also undertake its first biofuel flight with this milestone 747-8 Freighter delivery. The new airplane will become the first 747-8 to use a blend of environmentally progressive biofuels (jet kerosene and used cooking oil) to fly across the Pacific Ocean. 

Nippon Cargo Airlines, one of the launch customers for the 747-8 Freighter in 2005 and also part of a team that helped develop the aircraft, plans to begin revenue service with its new 747-8 Freighter by mid-August on Asia and North American routes.

The 747-8 Freighter will provide double-digit improvements in fuel burn, operating costs and lower emissions over the 747-400 Freighter. The 747-8 Freighter also provides 16 percent more revenue-generating cargo volume and boasts a significantly improved environmental performance. Per tonne-kilometer, its carbon dioxide emissions are 16 percent lower than those of the 747-400 Freighter. It also reduced its noise footprint by more than 30 percent. 

http://defense-technologynews.blogspot.ca/2012/07/dtn-news-airlines-news-boeing-delivers.html

DTN News - AIRLINES NEWS: Boeing Delivers 20th 747-8 ~ Atlas Air To Operate Airplane On Behalf Of Panalpina

DTN News - AIRLINES NEWS: Boeing Delivers 20th 747-8 ~ Atlas Air To Operate Airplane On Behalf Of Panalpina

(NSI News Source Info) TORONTO, Canada - June 5, 2012: Boeing (NYSE: BA) on May 31, 2012 marked the 20th delivery of its new 747-8. The airplane, a 747-8 Freighter, was delivered to Atlas Air Worldwide Holdings, Inc. Atlas Air will operate it on behalf of Panalpina, the Swiss-based freight operator. This marks the first time in Panalpina's history that an airplane has been painted in the company's livery. 

The 747-8 Freighter will immediately enter service when it departs Seattle for Hong Kong later today. The airplane, named the 'Spirit of Panalpina', will then fly from Hong Kong on to Luxembourg with cargo on board.

Atlas Air has ordered nine 747-8 Freighters, two of which they will operate for Panalpina.

http://defense-technologynews.blogspot.ca/2012/06/dtn-news-airlines-news-boeing-delivers.html