Thursday, February 12, 2015

Korean Air orders another five 777 freighters

Korean Air has placed an order for five Boeing 777 freighters, valued at more than $1.5 billion at current list prices.

Announcing the deal on Thursday, Boeing said the five 777Fs join Korean Air’s outstanding commitment for nearly 40 aircraft, including 12 777-300ERs, 10 747-8Is, 10 787-9, two 747-8Fs and six 777Fs.

Korean Air, which is one of the world’s largest cargo airlines, currently operates an all-Boeing freighter fleet, comprising 17 747-400Fs, five 747-8Fs and four 777Fs. Its passenger fleet also includes Airbus aircraft.

According to the Boeing World Air Cargo Forecast, global air freight traffic is forecast to grow at an annual rate of 4.7%, doubling the cargo traffic over the next 20 years.

(Victoria Moores - ATWOnline News)

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