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teahan
Topic Author
Posts: 4994
Joined: Sun Nov 21, 1999 11:18 pm

First Potential B747X Strech Customer Annouced

Wed Feb 21, 2001 3:37 am

Hey,

This article is from Flight International:

Korean Air (KAL) is in advanced discussions with Boeing to become the first launch customer for the freighter version of 747X Stretch (XSF). A key part of the talks involve agreement on a sizeable financial package to boost the ailing carrier's finances.

The design of the 747X has been further refined to increase the ultra-large aircraft's maximum take-off weight to extend its range.

KAL is a major 747 operator with 41 in service, including 12 -200 and -400 Freighters. Boeing sources confirm that 747X negotiations with KAL "are pretty well advanced". It has tabled an offer for eight 747XSFs, plus eight options, although KAL is understood to want only six aircraft initially. This would provide a critical first step towards launching the 747X family.

Cathay Pacific Airways and Northwest Airlines are also showing interest in the 747XSFs as a potential replacement for their Boeing 747-200Fs. Other cargo operators known to be looking at the aircraft include Atlas and Cargolux, while Lufthansa has delayed until later in the year a decision on its next freighter.

KAL claims it is still waiting for an "official proposal" from Boeing, but adds that "obviously calls have been going back and forth". The deal hinges on Boeing extending a financial assistance package to the airline, which last year ran up a pre-tax loss of over $600 million as the result of a weaker won.

The airline is thought to be asking for around $200 million worth of funding, comprising a new loan, postponed repayment of a previous loan and of scheduled aircraft payments, and delayed delivery of two Boeing 777-300s and a 747-400. KAL's last major order, in 1998 for 22 Boeing 737-800/900s, included a package of soft loans.

KAL is also believed to have outstanding loans from Pratt & Whitney, which would give the Engine Alliance the edge in equipping the 747XSF with its GP7100. The airline's fleet of 777s and 747s are all P&W powered.

There is some speculation that the freighter deal could be concluded in time for South Korean President Kim Dae Jung's visit to Washington DC next month. The announcement of KAL's last 737 deal was stage-managed to occur during the President Kim's trip to the USA three years ago.


What do you think?

Kind Regards,
Jeremiah Teahan

 
Guest

RE: First Potential B747X Strech Customer Annouced

Wed Feb 21, 2001 3:43 am

So, Korean would be the launch customer of the 747X stretch and Qantas is the launch of the 747LR?

How about Virgin, have they made any 747LR/X orders?

rgds
russ
 
teahan
Topic Author
Posts: 4994
Joined: Sun Nov 21, 1999 11:18 pm

RE: First Potential B747X Strech Customer Annouced

Wed Feb 21, 2001 4:00 am

Hey,

No Virgin haven't ordered any B747Xs!

KInd Regards,
Jeremiah Teahan
 
IndianGuy
Posts: 3124
Joined: Fri Jul 07, 2000 3:14 pm

RE: First Potential B747X Strech Customer Annouced

Wed Feb 21, 2001 4:27 am

Isnt VS getting the A380?

II saw Richard Branson on some TV channel the other day bragging something about his airlines plans for the A380.
 
cruising
Posts: 258
Joined: Mon Jan 01, 2001 3:28 pm

RE: First Potential B747X Strech Customer Annouced

Wed Feb 21, 2001 4:42 am

Yeap! Richard bought A380 and I remember him saying that he has no intention to buy 747x.
 
SInGAPORE_AIR
Posts: 11634
Joined: Mon Nov 13, 2000 4:06 am

RE: First Potential B747X Strech Customer Annouced

Wed Feb 21, 2001 6:30 am

Quite interesting. Never had KAL down as a launch customer but... I dunno. I'm just a bit shocked that's all.
 
l'espace180
Posts: 404
Joined: Mon Sep 18, 2000 9:55 am

RE: First Potential B747X Strech Customer Annouced

Wed Feb 21, 2001 6:39 am

Is the future of the 747 an old-faschinod cargo a/c, like the 707 and dc-8 ?
 
Mit
Posts: 165
Joined: Tue Dec 19, 2000 6:48 am

RE: First Potential B747X Strech Customer Annouced

Wed Feb 21, 2001 6:43 am

Will the 747X Stretch freighter have a classic-style upper deck a la the 744F?
 
l'espace180
Posts: 404
Joined: Mon Sep 18, 2000 9:55 am

RE: First Potential B747X Strech Customer Annouced

Wed Feb 21, 2001 6:53 am

Yes it will, from the pics I have seen, as there is no need to have a SUD, and it permit to reduce weight.
 
JAL
Posts: 3876
Joined: Sun Apr 30, 2000 12:37 pm

RE: First Potential B747X Strech Customer Annouced

Thu Feb 22, 2001 3:25 am

Great News!!!!!!!!

Boeing Rules!!!!!  Wow!
 
Guest

RE: L'Espace180

Thu Feb 22, 2001 7:47 am

Hello,

I really don't think the 747 will become a main cargo plane like you asked, there will always be the need for the 747 carrying passengers, even with the 747X Stretch and A380 (two aircraft that are about the same in size), the 747-400 will probably remain in production because it is still a great and modern plane and serves airlines greatly, airlines love their 747s.

Best Regards,

B744
 
l'espace180
Posts: 404
Joined: Mon Sep 18, 2000 9:55 am

RE: First Potential B747X Strech Customer Annouced

Thu Feb 22, 2001 7:51 am

Boeing747-400:"airlines love their 747s. "
Is that why they replave their 747 routes/orders with 777?
 
Guest

RE: First Potential B747X Strech Customer Annouced

Thu Feb 22, 2001 7:56 am

They are replacing the old 747-200s/300s because of age and economic costs. 747-400s are not what the 777 is built to replace, and no 747-400s are being replaced with them right now. United is adding more and more 777 and 744s, but they are not going to get rid of their 744s. Once again, the 777 is built to replace the older 747s, but not the 747-400.
 
User avatar
fanoftristars
Posts: 1706
Joined: Mon Jul 17, 2000 9:03 am

RE: First Potential B747X Strech Customer Annouced

Thu Feb 22, 2001 8:14 am

Boeing747-400:

I think L'Espace180 is talking about the fragmentation that is happening with airlines and their 744s and 777s. For instance, BA's 744 service from LHR to SAN with a stop in PHX has been replaced with two 777 flights LHR to SAN and LHR to PHX. BA has other exaples of this "replave[sic] their 747 routes/orders with 777"
 
l'espace180
Posts: 404
Joined: Mon Sep 18, 2000 9:55 am

RE: First Potential B747X Strech Customer Annouced

Thu Feb 22, 2001 8:31 am

And AF and a lot of other airlines are doing that.
P.S: Sorry for the spelling mistake FanOfTristars... Smile
 
Notarzt
Posts: 646
Joined: Sun Dec 03, 2000 2:45 am

RE: First Potential B747X Strech Customer Annouced

Thu Feb 22, 2001 4:33 pm

Folks...

It has been freshly confirmed:

Wednesday February 21 4:15 PM ET
Boeing, KAL Discuss 747X Freighter

SEATTLE (Reuters) - Korean Air Lines Co. could buy up to 16 superjumbo 747X freighters from Boeing Co., trade magazine Flight International reported in its latest edition.

Boeing was in "advanced discussions'' aimed at making KAL the launch customer for the 747X stretch cargo plane in a deal that would include about $200 million in financing from the Seattle-based aerospace giant, the article stated, citing unnamed Boeing and KAL sources.

With a likely list price of about $200 million per 747X, the order for eight planes plus eight options could be worth as much as $3 billion, though as a launch customer KAL would receive hefty discounts.

Boeing has not yet landed an order for its proposed 747X family, its answer to rival Airbus Industrie's massive 555-seat A380 double-decker jet.

Boeing spokesman Russ Young declined to give details on 747X negotiations or KAL specifically. Company officials privately have named many of the world's current 747 operators, including transpacific carriers, among the 747X target group.

Historically one of Boeing's best customers, KAL has ordered 54 of the 747s since the model's launch in 1970, bolstering the case for possible 747X orders.

The 747X concept includes a 522-seat stretch model, plus smaller versions adding flight range or seating capacity to the current model 747-400.

Boeing officials have discussed launching the 747X program with the freighter variant, which would be an unprecedented move. Industry experts have said the 747X could not succeed without a passenger version as well.

Beset by a weak Korean currency, surging fuel costs and tax evasion penalties, KAL lost money in 2000, and with a sharp economic slowdown expected in South Korea this year, some analysts project a loss in 2001 as well.

That would require Boeing financing for any KAL 747X order, plus delayed repayment of previous loans and deferred deliveries of two 777-300 widebodies and a 747-400, Flight reported.

Boeing has yet to offer KAL a formal 747X proposal, Flight reported, echoing statements by other carriers that Boeing's superjumbo blueprints were not yet firm.

By contrast, Airbus has booked 60 A380 orders from seven customers, including cargo giant FedEx Corp. (NYSE:FDX - news).

Flight also reported that Cathay Pacific Airways Ltd. and Northwest Airlines Corp. were interested in the 747X stretch freighter, while Atlas Air Inc. and Cargolux Airlines International were also considering the aircraft.

------
Daniel
 
garuda
Posts: 573
Joined: Wed Nov 08, 2000 10:53 pm

RE: First Potential B747X Strech Customer Annouced

Thu Feb 22, 2001 4:54 pm

So far, the news only mentioned the freighter version of B747X. Has any airline show their interest in ordering the pax version??

Although I'm always be Airbus fan, it's nice to know that B747X has some customers (although not officially confirmed). I would love to see A380 and B747X together in an airport in the future.

Regards,
JA
 
User avatar
aerorobnz
Posts: 8435
Joined: Sat Feb 10, 2001 3:43 pm

RE: First Potential B747X Strech Customer Annouced

Thu Feb 22, 2001 5:22 pm

Think about it....the only reason the original 747 had a hump on top was because Boeing thought it would be come a freighter within 10 years because of the interest in building SST's. I would actually have picked JAL or ANA to launch the 747X Stretch(as pax carriers), but Korean is a large cargo operator second or third behin LH & AF so it is to be expected
 
SInGAPORE_AIR
Posts: 11634
Joined: Mon Nov 13, 2000 4:06 am

RE: First Potential B747X Strech Customer Annouced

Thu Feb 22, 2001 8:41 pm

Do you think that Boeing has been putting its marketing plan to all the airlines like LH, BA, SQ, EK, and have forgotten KE? Now that they've woken up to the news that KE actually exists, they're in panic mode?
 
Guest

RE: First Potential B747X Strech Customer Annouced

Fri Feb 23, 2001 2:33 am

Seeing KAL is interested in the 747XSF, if they do order the XSF, and if they want a passsanger VLA, then its obvious that the 747X will be chosen.
The Best,
Tom
 
Guest

RE: First Potential B747X Strech Customer Annouced

Fri Feb 23, 2001 3:16 am

"......777 flights LHR to SAN and LHR to PHX. BA has......."

Jeff, Bermuda II does not allow service from Heathrow to San Diego and Phoenix. Both of these flights are operated from BA's LGW hub.

rgds
russ
 
gaut
Posts: 436
Joined: Sat Dec 15, 2001 10:57 am

Korean Air Says Not Reviewing Purchase Of 747X

Fri Feb 23, 2001 4:00 am

More News

RPT-Korean Air says not reviewing purchase of 747X
Reuters Company News - February 22, 2001 12:44

SEOUL, Feb 22 (Reuters) - South Korea's flagship carrier Korea Air Lines Co said on Thursday it was not reviewing purchases of superjumbo 747X freighters from Boeing Co. .

"We haven't received offers from Boeing, and we are not considering purchase of any 747X freighters," said Shin Muchol, spokesman for Korean Air, the world's second largest cargo carrier in terms of revenue.

He said Korean Air's fleet of large-sized freighters was sufficient at the monent to meet its cargo traffic demand. The carrier has five 747-400 freighters and plans to add three more by 2003.

 
Guest

RE: First Potential B747X Strech Customer Annouced

Fri Feb 23, 2001 5:37 am

Interesting!! Hope to hear more as the news develops.  Big thumbs up

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