Whale Rider
Unity is Our Strength
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Boeing to Roll Out New 747
http://www.thestreet.com/tsc/c.gif
By Rob Lenihan
TheStreet.com Staff Reporter
11/15/2005 3:50 PM EST
With an eye on fuel economy and the competition, Boeing (BA:NYSE - commentary - research - Cramer's Take) has launched its new 747 program, and the Chicago-based company said it has received about $5 billion in firm orders from two customers. Luxembourg-based Cargolux ordered 10 of the 747-8 freighters and will take delivery of the first aircraft in the third quarter of 2009. The company also holds purchase rights for 10 additional airplanes. Nippon Cargo Airlines in Japan ordered eight of the 747-8 freighters and plans to receive the first plane in the fourth quarter of 2009. The airline has acquired options for six additional airplanes.
In a statement, Alan Mulally, president and chief executive of Boeing Commercial Airplanes, said the company was "thrilled" to have the two companies choose the 747-8.
"The 747-8 will use the technologies of the 787 Dreamliner to significantly increase the passenger and freighter capabilities of the 747, and offer greater fuel efficiency, improved operating economics, and be more friendly to the environment with reduced noise and emissions," he said.
Aaron Taylor, a vice president at Elcat Consulting, noted that the 747 program, which began production in 1969, has been extremely successful for Boeing. He said the new aircraft will give the company a better position against Airbus's double-decker A380. Boeing said that compared with the A380, the 747-8 will offer 22% lower trip costs.
"I think this is really about capturing the new technology they learned from creating the 787," Taylor said.
The 747-8 passenger airplane will be 11.7 feet longer than the 747-400 to accommodate 34 additional seats and have a range of 8,000 nautical miles.
Boeing said the intercontinental 747-8 will be quieter, produce fewer emissions and achieve better fuel economy than competing jetliners. "Fuel is the key," Taylor said. "They have to make the aircraft lighter and lighter, the more expensive fuel gets. They have to keep costs down because revenues aren't going up."
http://www.thestreet.com/tsc/c.gif
By Rob Lenihan
TheStreet.com Staff Reporter
11/15/2005 3:50 PM EST
With an eye on fuel economy and the competition, Boeing (BA:NYSE - commentary - research - Cramer's Take) has launched its new 747 program, and the Chicago-based company said it has received about $5 billion in firm orders from two customers. Luxembourg-based Cargolux ordered 10 of the 747-8 freighters and will take delivery of the first aircraft in the third quarter of 2009. The company also holds purchase rights for 10 additional airplanes. Nippon Cargo Airlines in Japan ordered eight of the 747-8 freighters and plans to receive the first plane in the fourth quarter of 2009. The airline has acquired options for six additional airplanes.
In a statement, Alan Mulally, president and chief executive of Boeing Commercial Airplanes, said the company was "thrilled" to have the two companies choose the 747-8.
"The 747-8 will use the technologies of the 787 Dreamliner to significantly increase the passenger and freighter capabilities of the 747, and offer greater fuel efficiency, improved operating economics, and be more friendly to the environment with reduced noise and emissions," he said.
Aaron Taylor, a vice president at Elcat Consulting, noted that the 747 program, which began production in 1969, has been extremely successful for Boeing. He said the new aircraft will give the company a better position against Airbus's double-decker A380. Boeing said that compared with the A380, the 747-8 will offer 22% lower trip costs.
"I think this is really about capturing the new technology they learned from creating the 787," Taylor said.
The 747-8 passenger airplane will be 11.7 feet longer than the 747-400 to accommodate 34 additional seats and have a range of 8,000 nautical miles.
Boeing said the intercontinental 747-8 will be quieter, produce fewer emissions and achieve better fuel economy than competing jetliners. "Fuel is the key," Taylor said. "They have to make the aircraft lighter and lighter, the more expensive fuel gets. They have to keep costs down because revenues aren't going up."
(as compared to the a380)
