The 747-8 program is scoring big in China. We’ve now finalized an order with Cathay Pacific for three 747-8 Freighters and received a commitment from Air China (pending government approval) for two 747-8 Intercontinentals.
Air China also made commitments for one 777-300ER and 20 Next-Generation 737-800s. In addition, Air China Cargo, a subsidiary of Air China, has agreed to buy eight 777 Freighters.
Cathay Pacific is in the process of renewing its freighter fleet with newer, more efficient airplanes that will strengthen its position as a market leader in the air cargo business. Cathay already operates eight 747-8 Freighters. With more than 100,000 hours in service, the 747-8 Freighter is seeing 1 percent better fuel burn than we expected and Cathay tells us they’re pleased with the airplane’s performance.
“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.
While the cargo market is weak today, it will get better— and we’re proud that customers are putting their faith in the 747-8. A total of 70 747-8 Freighters have already been ordered, and we’ve delivered 28 of the freighters to customers around the world. This airplane is positioned perfectly to capture more of the market as cargo begins its recovery.