Cathay Pacific Airways has ordered three more Boeing 747-8 Freighters.
The order, which Boeing values at approximately $1 billion at list prices, also includes options for five Boeing 777 Freighter widebodies.
Cathay Pacific’s new additions will bolster its Boeing 747-8 Freighter fleet to 13 aircraft.
“The 747-8 Freighter has provided our revamped cargo fleet with efficient fuel savings as well as added environmental benefits,” says 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 aircraft, while also looking to strengthen its position as a market leader in the air cargo business, according to Boeing.
The new 747-8 Freighters are expected over time to replace Cathay Pacific’s 747-400 Boeing Converted Freighters. Cathay Pacific currently operates six 747-400 Freighters, eight 747-8 Freighters, six 747-400ER Freighters and one Boeing 747-400BCF and has two more 747-400BCFs on its books.
At 250 feet, 2 inches (76.3m) long – 18 feet, 4 inches (5.6 m) longer than the Boeing 747-400 Freighter – the 747-8 Freighter gives customers 16 per cent more revenue cargo volume compared to its predecessor with nearly equivalent trip costs and lower ton-mile costs, according to Boeing.
With more than 100,000 hours in service, the 747-8 Freighter fleet is achieving performance milestones with customers reporting 1 per cent better fuel burn than expected, the manufacturer says.
Cathay Pacific currently operates eight 747-8 Freighters and including its March 4 order the airline is set to take delivery of five more.
Altogether 70 Boeing 747-8 Freighters have been ordered by at least 10 customers around the world. To date, Boeing has delivered 28 747-8 Freighters to six airlines.