Boeing Launches New, Longer-Range 747-400 Freighter; International Lease Finance Corp. Is Initial Customer

Apr 30, 2001, 01:00 ET from Boeing Company

    SEATTLE, April 30 /PRNewswire/ -- The Boeing Company has launched the
 second member of its Longer-Range 747-400 family -- the Longer-Range 747-400
 Freighter.  The initial customer for the airplane is International Lease
 Finance Corporation (ILFC), which today announced it has ordered five of the
 Longer-Range 747-400 Freighters.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20001004/BOEINGLOGO )
     The estimated value of the order is $1 billion at list prices.  The order
 was previously identified on the Boeing Web, attributed to an unidentified
 customer.
     The first airplane will be delivered to ILFC in October 2002.  The
 Longer-Range 747-400 passenger program was launched with Qantas Airways in
 November 2000.
     "The addition of these airplanes to our growing 21st century 747 family
 demonstrates our commitment to enhancing the 747-400's capabilities," said
 Walt Orlowski, 747 program vice president and general manager.  "Continued
 development of a comprehensive 747-400 family addresses the strongest portion
 of the large airplane market, best meeting our customers' needs with a
 Longer-Range 747-400 family -- offering our customers additional range or
 payload."
     The Longer-Range 747-400 Freighter has a maximum takeoff weight of
 910,000 pounds (412,770 kilograms).  This takeoff weight increase of
 35,000 pounds (15,876 kilograms) over existing -400s allows the Longer-Range
 747-400 Freighter to fly an additional 530 nautical miles (982 kilometers).
 Or, it can carry an additional 22,000 pounds (9,980 kilograms) of payload on
 long-range flights at maximum takeoff weight.
     "We are proud to be the first to offer this exciting new airplane to our
 customers," said Steven Udvar-Hazy, ILFC president and chief executive
 officer.  "Our customers will be well-served by the Longer-Range 747-400
 Freighter's increased range and payload that will allow more opportunities for
 routes with high traffic volumes."
     ILFC owns an extensive Boeing fleet, including 737s, 747s, 757s, 767 and
 777s.  The world's largest airplane lessor by fleet value and the largest
 lessor of new airplanes, ILFC was the first leasing company to order Boeing
 747-400s.  ILFC now has ordered a total of 646 new airplanes from Boeing since
 1977.
     "ILFC is a great customer, and we are very proud to work together to
 launch the Longer-Range 747-400 Freighter," said Nicole Piasecki, vice
 president, Leasing Sales, Boeing Commercial Airplanes.  "This is just one
 example of the wonderful relationship our two companies share as we work
 together to introduce Boeing airplanes to new customers throughout the world."
     ILFC pioneered airplane leasing with the first operating lease in the
 history of commercial aviation, a DC-8-51 to Aeromexico in 1973.  It is the
 international market leader in the leasing and remarketing of advanced
 technology commercial jet aircraft to airlines around the world.  ILFC owns a
 portfolio valued at more than $20 billion, consisting of more than 500 jet
 airplanes.
     Boeing airplanes carry about 95 percent of the cargo worldwide.  The
 747 freighter fleet, about 225 airplanes in all, provides almost half the
 total worldwide freighter cargo lift capability.  More than 50 of these
 airplanes are the high-technology 747-400 Freighters, which can carry twice as
 much cargo twice as far as the competitor's leading freighter.
     The Longer-Range 747-400 Freighter will be able to carry more than
 124 tons (113,000 kilograms) of payload, the same as the existing 747-400
 Freighter.  Both airplanes will have the industry's lowest operating cost per
 ton-mile.  Compared to the existing 747-400 Freighter, the Longer-Range
 747-400 Freighter has strengthened parts of its wing, fuselage, and landing
 gear -- all to support the 35,000 pounds (15,876 kilograms) of additional
 takeoff weight capability.
     The Longer-Range 747-400 is the lead member of what Boeing envisions as a
 21st century 747 family.
 
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SOURCE Boeing Company
    SEATTLE, April 30 /PRNewswire/ -- The Boeing Company has launched the
 second member of its Longer-Range 747-400 family -- the Longer-Range 747-400
 Freighter.  The initial customer for the airplane is International Lease
 Finance Corporation (ILFC), which today announced it has ordered five of the
 Longer-Range 747-400 Freighters.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20001004/BOEINGLOGO )
     The estimated value of the order is $1 billion at list prices.  The order
 was previously identified on the Boeing Web, attributed to an unidentified
 customer.
     The first airplane will be delivered to ILFC in October 2002.  The
 Longer-Range 747-400 passenger program was launched with Qantas Airways in
 November 2000.
     "The addition of these airplanes to our growing 21st century 747 family
 demonstrates our commitment to enhancing the 747-400's capabilities," said
 Walt Orlowski, 747 program vice president and general manager.  "Continued
 development of a comprehensive 747-400 family addresses the strongest portion
 of the large airplane market, best meeting our customers' needs with a
 Longer-Range 747-400 family -- offering our customers additional range or
 payload."
     The Longer-Range 747-400 Freighter has a maximum takeoff weight of
 910,000 pounds (412,770 kilograms).  This takeoff weight increase of
 35,000 pounds (15,876 kilograms) over existing -400s allows the Longer-Range
 747-400 Freighter to fly an additional 530 nautical miles (982 kilometers).
 Or, it can carry an additional 22,000 pounds (9,980 kilograms) of payload on
 long-range flights at maximum takeoff weight.
     "We are proud to be the first to offer this exciting new airplane to our
 customers," said Steven Udvar-Hazy, ILFC president and chief executive
 officer.  "Our customers will be well-served by the Longer-Range 747-400
 Freighter's increased range and payload that will allow more opportunities for
 routes with high traffic volumes."
     ILFC owns an extensive Boeing fleet, including 737s, 747s, 757s, 767 and
 777s.  The world's largest airplane lessor by fleet value and the largest
 lessor of new airplanes, ILFC was the first leasing company to order Boeing
 747-400s.  ILFC now has ordered a total of 646 new airplanes from Boeing since
 1977.
     "ILFC is a great customer, and we are very proud to work together to
 launch the Longer-Range 747-400 Freighter," said Nicole Piasecki, vice
 president, Leasing Sales, Boeing Commercial Airplanes.  "This is just one
 example of the wonderful relationship our two companies share as we work
 together to introduce Boeing airplanes to new customers throughout the world."
     ILFC pioneered airplane leasing with the first operating lease in the
 history of commercial aviation, a DC-8-51 to Aeromexico in 1973.  It is the
 international market leader in the leasing and remarketing of advanced
 technology commercial jet aircraft to airlines around the world.  ILFC owns a
 portfolio valued at more than $20 billion, consisting of more than 500 jet
 airplanes.
     Boeing airplanes carry about 95 percent of the cargo worldwide.  The
 747 freighter fleet, about 225 airplanes in all, provides almost half the
 total worldwide freighter cargo lift capability.  More than 50 of these
 airplanes are the high-technology 747-400 Freighters, which can carry twice as
 much cargo twice as far as the competitor's leading freighter.
     The Longer-Range 747-400 Freighter will be able to carry more than
 124 tons (113,000 kilograms) of payload, the same as the existing 747-400
 Freighter.  Both airplanes will have the industry's lowest operating cost per
 ton-mile.  Compared to the existing 747-400 Freighter, the Longer-Range
 747-400 Freighter has strengthened parts of its wing, fuselage, and landing
 gear -- all to support the 35,000 pounds (15,876 kilograms) of additional
 takeoff weight capability.
     The Longer-Range 747-400 is the lead member of what Boeing envisions as a
 21st century 747 family.
 
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                http://tbutton.prnewswire.com/prn/11690X89180737
 
 SOURCE  Boeing Company

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