SEATTLE, Aug. 11 /PRNewswire/ -- China Airlines, Taiwan's leading carrier, announced an order for 13 747-400 freighters today, The Boeing Company (NYSE: BA) confirmed. China Airlines now has placed more orders for the 747-400 Freighter than any other airline. Deliveries for the order, valued at approximately $2.5 billion, are scheduled to begin in July 2000 and continue through 2007. "Boeing products and services have long been the foundation of our fleet," said China Airlines President Sandy Liu. "And with worldwide cargo growth forecast to increase 6.4 percent annually combined with Asian markets gaining strength, we believe these airplanes will help us successfully grow our business interests now and in the future. The 747-400 Freighter has commonality with our 747-400 Passenger fleet and offers us much more capability than our existing 747-200s," Liu said. "China Airlines has been an important customer for many years," said Alan Mulally, president, Boeing Commercial Airplanes Group. "Asia is rebounding from the effects of the financial crisis, and this order from China Airlines is a signal of the recovery in Asian markets. "Boeing will work very hard in the future to satisfy China Airlines, and I welcome the opportunity to work more closely with Sandy Liu, one of the leading airline executives in Asia," Mulally said. China Airlines serves more than 35 cities throughout Asia, Europe, North America and the Pacific, and is expanding its network with increased scheduled and charter flights to meet growing demand. The new-technology Boeing 747-400 Freighter is an all-cargo transport member of the 747-400 family. It can carry more cargo farther than any other commercial jet freighter, with the lowest operating cost per ton-mile. All of the advances introduced in the 747-400 passenger version are available in the all-cargo configuration. SOURCE Boeing Commercial Airplane Group -0- 08/11/99 /CONTACT: Marta Newhart, in Taipei at Sherwood Hotel, 886-2-2718-1188, room 1407, or cellular, 886-09-3556-5758, or Gary Lesser, 206-342-4773, or Mark Hooper, 206-766-2904, all of Boeing Company/ /Company News On-Call: http://www.prnewswire.com/comp/109119.html or fax, 800-758-5804, ext. 109119/ /Web site: http://www.boeing.com/ (BA) CO: Boeing Company ST: Washington, China IN: AIR ARO SU: CON -0- Aug/11/1999 5:07 EOS (PRN) Aug/11/1999 05:07 197 â -0- (PRN) Aug/11/1999 5:22
CHINA AIRLINES PLACES LARGEST BOEING 747-400 FREIGHTER ORDER
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