UPS orders up to 28 Boeing 747-8 freighters

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four engine jock
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UPS orders up to 28 Boeing 747-8 freighters

#1

Postby four engine jock » Fri Oct 28, 2016 9:29 am

United Parcel Service (UPS) has ordered 14 Boeing 747-8 freighters and placed options on 14 more of the type.

The aircraft will be used to support the cargo carrier’s fleet expansion plans.

UPS Airlines president Brendan Canavan said the aircraft “are a strategic investment for increased capacity for UPS customers around the globe. The 747-8 will allow UPS to upsize our network in both new and existing markets.”

The order is significant for Boeing because the 747-8 has been a slow sale, with the OEM earlier this year announcing it would reduce production rate to 0.5 aircraft per month—or just six per year— from September 2016, citing softness in the global air cargo market.

Until September, the 747-8 was produced at the rate of 1.3 aircraft per month and the rate was previously slated to drop to one per month in March. The 747-8F has been more successful than the passenger 747-8i variant, but a sluggish-to-stagnant global cargo market has slowed demand.

Boeing Commercial Airplanes took an $885 million pre-tax charge tied to the 747-8 rate slowdown.

Other customers for the 747-8F include AirBridgeCargo, Atlas Air, Cathay Pacific Airways, Cargolux, Korean Air, Nippon Cargo Airlines, Silk Air and Volga Dnepr. Before the UPS deal, Boeing had logged a total of 74 orders for the 747-8F, according to the Boeing orders and deliveries web page.

Airline customers for the 747-8 passenger aircraft include Air China, Arik Air, Korean Air, Lufthansa Group and Transaero and total 42; Boeing has also sold eight -8s as business jets.

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Bell 407
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Re: UPS orders up to 28 Boeing 747-8 freighters

#2

Postby Bell 407 » Fri Oct 28, 2016 9:48 am

That is quite an order for the -8 series. It seems to be doing very well as a freighter option :good:

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Re: UPS orders up to 28 Boeing 747-8 freighters

#3

Postby Raffles » Fri Oct 28, 2016 10:27 am

Good for Boeing! I hope the 748 passenger series picks up too.

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Re: UPS orders up to 28 Boeing 747-8 freighters

#4

Postby Bell 407 » Fri Oct 28, 2016 10:41 am

Raffles wrote:I hope the 748 passenger series picks up too.

Personally I don't think this will happen. The big quads are a doomed species. The freighter option I think will remain for a while though. The B777X will be the future for Boeing.

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Re: UPS orders up to 28 Boeing 747-8 freighters

#5

Postby great dane » Fri Oct 28, 2016 10:59 am

Bell 407 wrote:
Raffles wrote:I hope the 748 passenger series picks up too.

Personally I don't think this will happen. The big quads are a doomed species. The freighter option I think will remain for a while though. The B777X will be the future for Boeing.

Sad but very likely true :um:

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Re: UPS orders up to 28 Boeing 747-8 freighters

#6

Postby four engine jock » Fri Oct 28, 2016 3:09 pm

great dane wrote:
Bell 407 wrote:
Raffles wrote:I hope the 748 passenger series picks up too.

Personally I don't think this will happen. The big quads are a doomed species. The freighter option I think will remain for a while though. The B777X will be the future for Boeing.

Sad but very likely true :um:


Deal has already been done for 14 747-8


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