Subscribe free to our newsletters via your
. Solar Energy News .




AEROSPACE
Cathay Pacific orders 3 Boeing 747-8 cargo planes
by Staff Writers
Washington (AFP) March 4, 2013


Cathay Pacific Airways has ordered three Boeing 747-8 Freighter cargo aircraft in a deal worth $1 billion at list prices, the companies said Monday.

Cathay Pacific, the world's largest international cargo carrier, also has options to buy five 777 Freighters, the Hong Kong flag carrier and the US aerospace giant said in a joint statement.

Cathay Pacific currently operates eight Boeing 747-8 Freighters, a new plane that entered service in October 2011 with launch customer Cargolux.

Boeing says the 747-8 carries 16 percent more revenue-producing freight than its predecessor the 747-400 and has the lowest operating costs and best economics of any large freighter airplane.

"The 747-8 Freighter has provided our revamped cargo fleet with efficient fuel savings as well as added environmental benefits," John Slosar, chief executive of the Hong Kong flag carrier, said in the statement.

On Friday, Cathay Pacific announced it was cancelling an order for eight Boeing 777-200 Freighters, citing a weaker outlook for growth of air cargo shipments.

But in a filing with the Hong Kong Stock Exchange, the airline said it had signed an agreement to buy three Boeing 747-8 Freighters and taken options for five 777-200 Freighters.

Cathay Pacific has been trying to pare costs after falling into the red in the first half of 2012 with a HK$935 million ($121 million) loss, partly due to high fuel prices.

The Hong Kong-based international passenger and cargo airline serves about 160 destinations with a 130-plus fleet of Boeing and Airbus aircraft.

.


Related Links
Aerospace News at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








AEROSPACE
Sikorsky, Boeing Propose X2 Technology Helicopter Design for US Army's JMR FVL
Washington DC (SPX) Mar 04, 2013
Sikorsky Aircraft Corp., a subsidiary of United Technologies, and Boeing will submit a joint proposal to build a demonstrator aircraft - based on Sikorsky's X2 Technology rotorcraft design - for the U.S. Army's Joint Multi-Role (JMR) Technology Demonstrator (TD) Phase 1 program. The JMR TD program supports the Army's Future Vertical Lift initiative to deliver the next generation of vertica ... read more


AEROSPACE
Estimates reduce amount of additional land available for biofuel production

'Fat worms' inch scientists toward better biofuel production

The impact of algae parasite on algae biofuel output

Engineering cells for more efficient biofuel production

AEROSPACE
The Space Robotics on the MMMMove

Robot may be useful in search and rescue

Brown researchers build robotic bat wing

Japan robot suit gets global safety certificate

AEROSPACE
Scientists have overestimated capacity of wind farms to generate power

Rethinking wind power

Global wind energy capacity grows 19 percent in 2012

Finding the right space for offshore wind turbines

AEROSPACE
China to surpass US as top luxury car market: study

Study: Left-hand turn, cellphone don't mix

Formula E: China Racing join all-electric Formula E line-up

Mobile apps reshape urban taxi landscape

AEROSPACE
Shell report shows decreasing role for oil

Unlocking fuel cell conductivity

Browse LNG to be processed onshore?

Russia's Rusal posts $55 mn net loss in 2012

AEROSPACE
Westinghouse Nuclear Team Sign MoU With Local Czech Engineering Firms

Slovenia's only nuke plant back on line

Namibias Roessing uranium mine to slash jobs

US teen designs compact nuclear reactor

AEROSPACE
Ireland launches energy efficiency fund

Obama names, top energy, environment and budget officials

US Geothermal Industry Sees Continued Steady Growth in 2012

S.Africa to introduce carbon tax from 2015

AEROSPACE
EU cracks down on illegal timber trade

Science synthesis to help guide land management of US forests

Declining Vegetation Across The Eastern US Observed

Russia moves to shut down Lake Baikal paper mill




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement