$460 million confirmation

Boeing and Nippon Cargo Airlines (NCA) this week confirmed they have finalised an agreement for the cargo carrier’s purchase of two additional Boeing 747-400 Freighters.



The order, valued at approximately $460 million at list prices, is currently included on the Boeing Orders & Deliveries Web site attributed to an unidentified customer.


NCA will receive its new freighters beginning in 2008 and 2009 to replace older 747-200 Freighters.



Previously, NCA ordered eight 747-400 Freighters, two of which have been delivered. Last year, the carrier was a launch customer for the Boeing 747-8 Freighter, with an order for eight airplanes. The 747-8 is a new model, scheduled to enter service in 2009.



“These new 747-400Fs will significantly reduce our airplane maintenance costs,” said Takuro Uchiyama, president and CEO – Nippon Cargo Airlines. “This order is a key element in our Phoenix Project in which we will completely transition to 747-400 and 747-8 Freighters.”



NCA’s Phoenix Project is a multi-stage, 10-year strategic plan announced by Uchiyama earlier this month at the company’s headquarters.



The 747-400F can carry up to 124 tons (113 tonnes) of cargo, 25 tons (22 tonnes) more cargo than the 747-200 Freighters currently in NCA’s fleet.


NCA anticipates that the 747-400Fs and 747-8Fs will increase fuel efficiency by 18 percent and 36 percent, respectively, over the 747-200Fs that the carrier currently operates.