Freight deal finalised

and

 yesterday confirmed they have finalised an agreement for the acquisition of two Boeing 747-400ER Freighters.

The order is valued at approximately $430 million at list prices. China Cargo Airlines, a subsidiary of Shanghai-based China Eastern Airlines, will receive its new 747-400ER Freighters in July 2006 and August 2007. The two freighters will be used to further expand the operating capacity of China Cargo Airline's routes.

The two 747-400ERFs will be the first in China Cargo's fleet, which comprises six Boeing MD-11Fs.

Boeing says the 747-400 Freighter is the largest commercial cargo transport in service, with the lowest ton-mile cost in the industry. The 747-400ER Freighter can carry 124 tons (113,000 kg) of cargo up to 4,970 nautical miles (9,200 km).