Tue, Dec 08, 2009
Deal For The Intercontinental Reportedly Worth $1.5
Boeing and Korean Air announced Friday that the Asian carrier
has ordered five 747-8 Intercontinental jetliners. Korean Air is
the first Asian airline to order the passenger version of the
The airplanes have a total average list price value of $1.5
billion. Korean Air already has arrangements to operate seven 747-8
"This is a great day in the history of our long and enduring
partnership with Korean Air," said Jim Albaugh, president and CEO
of Boeing Commercial Airplanes. "The technologically advanced 747-8
Intercontinental is particularly well suited for Korean Air's
operations. It will provide exceptional levels of passenger
comfort, greatly enhanced fuel efficiency and reduced emissions and
noise. The announcement comes at an exciting time as we move closer
to the first 747-8 Freighter flight in early 2010."
Korean Air plans on flying the 747-8 Intercontinental on
long-haul routes to the Americas and Europe.
"The 747-8 Intercontinental fills the void between the 300-
and 550-seat airplanes in our future fleet," said Won Tae Cho,
managing vice president of Korean Air Passenger Business Division.
"The technological enhancements Boeing has made to this airplane
will deliver exceptional economics and a flying experience that
will thrill our customers, enabling Korean Air to provide
Excellence in Flight to our customers."
The new 747-8 Intercontinental is stretched 18.3 feet from the
747-400 to provide 467 seats in a three-class configuration, an
additional 51 seats. It also offers a range of 8,000 nautical
miles. Using the new GEnx-2B engines, the 747-8 provides airlines a
quieter, more fuel-efficient airplane. The 747-8 also provides
nearly equivalent trip costs and 13 percent lower seat-mile costs
than the 747-400, plus 26 percent greater cargo volume. It also
incorporates a new wing design and an upgraded flight deck.
The 747 program is in the later stages of the 747-8
Intercontinental design phase. Assembly on the airplane is set to
begin around mid-2010, with the first delivery of the freighter
version scheduled for the fourth quarter of 2011.
With the addition of the Korean Air order, Boeing has secured
110 orders for the 747-8. Thirty-two of the orders are for the
747-8 Intercontinental, and the remaining 78 are for the 747-8
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