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Boeing, Cathay Pacific Announce Order for Three 747-8 Freighters

       Boeing, Cathay Pacific Announce Order for Three 747-8 Freighters

- Order bolsters airline's 747-8 Freighter fleet to 13 airplanes

PR Newswire

SEATTLE, March 4, 2013

SEATTLE, March 4, 2013 /PRNewswire/ --Boeing (NYSE: BA) and Cathay Pacific
Airways today 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 (BCF) 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.

Contact:

Yukui Wang
Boeing China Communications
+86 10 5925 5505
Yukui.wang@boeing.com

Kevin Yoo
BCA International Communications
+1 206-249-6372
kevin.k.yoo@boeing.com

Photo and caption are available here: http://boeing.mediaroom.com

SOURCE Boeing

Website: http://www.boeing.com
 
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