Browsing Tag: Boeing 747-8F

Cargolux Boeing 747-8F. It appears the first delivery will happen today.

Cargolux Boeing 747-8F. It appears the first delivery will happen today.

From multiple sources, it looks like the first Boeing 747-8F is finally set to be delivered to Cargolux sometime today after a lot of complications. As of now the aircraft shows to be leaving Paine Field at 11am and heading to Seattle-Tacoma International Airport (SEA) on Flight Aware.

Boeing is not confirming the delivery and told me that it would be announced when the delivery takes place (which could be before or after).

Jon Ostrower is also hearing that the first 747-8F will deliver to Cargolux today. It appears that instead of the three-day celebration of the delivery, the delivery will be done quietly. Let’s hope there will be a celebration of Cargolux’s second delivery.

Update:
Boeing has confirmed that Cargolux will receive their first Boeing 747-8F today at Paine Field. The plane will depart from Paine Field at about 11am and is scheduled to have a short, six minute flight to SEA, to presumably load up with Cargo before heading home to Luxembourg.

The second 747-8F is scheduled to be delivered to Cargolux tomorrow, October 13th.

WATCH THE CARGOLUX 747-8F TAKE OFF VIA PAINE FIELD’S WEBCAM (thanks Mark)

Image: flypdx

Cargolux Boeing 747-8F

Cargolux Boeing 747-8F

Boeing was set to deliver their first 747-8F to Cargolux on September 19th, but at the last minute, the Luxembourg-based cargo company put the deal on hold and the delivery was postponed. Both Boeing and Cargolux kept quiet  and rumors started about the reasoning behind this odd business maneuver. According to Qatar Airways CEO Akbar Al Baker, who has a 35% stake in Cargolux, the issues stem from the 747-8F being 2.7% less fuel efficient than advertised. Al Baker stated that the issues causing the airline to back out of accepting delivery are related to GE, who built the engines on the 747-8F, and not Boeing. At this point, Cargolux is expected to take ownership of their first 747-8F on October 12th, pending the airlines board approving during their meeting on October 7th.

During a Boeing 777 delivery event for Qatar Airways, Al Baker was asked about Cargolux and their handling of the situation. “Unfortunately, the management of Cargolux did not take the action they should have taken during the process of the aircraft acceptance,” Al-Baker stated according to Bloomberg. “As we sit on the board of Cargolux, we have full right to object if we find something is not fair as far as Cargolux is concerned.”

One of the loudest rumors about this deal was that Qatar Airways was holding Cargolux’s 747-8F hostage for a better compensation deal on their 787 Dreamliners. However, Al Baker clearly stated that the Cargolux 747-8F delay has nothing to do with compensation for the 787 Dreamliner. “The issue really with this aircraft has nothing to do with Boeing. It has to do with an issue that we had with the engine manufacturer,” Al Baker said according to the Seattle PI. “This issue has been resolved” subject to board approval.

GE has already announced that they are working on a Performance Improvement Package (PIP) for the the GEnx-2B engine found on the 747-8. The package is not slated to be ready until mid-2013.

Even with all the issues that Qatar and Cargolux have recently had with Boeing, according to ArabianBusiness.com, Al-Baker described his relationship with Boeing as strong, “despite a few hiccups along the way.” At this point, it is not certain what the delivery celebration will entail and Boeing is waiting until after the October 7th board meeting to announce any plans.

Image: ImperfectSense

Atlas Air Boeing 747-8F N852GT inside the Boeing Factory.

Atlas Air Boeing 747-8F N852GT inside the Boeing Factory.

More troubling news for Boeing’s 747-8 Freighter program today. Atlas Air has announced that they have terminated orders for three Boeing 747-8Fs, “due to delays and performance considerations.” The three aircraft they cancelled are test aircraft that end up being less efficient than later 747-8Fs produced.

Jim Proulx with Boeing communications told Business Week that Atlas Air’s decision is “absolutely unrelated” to Cargolux delaying their first 747-8 delivery. “Though the first airplanes off the line are slightly short of expectations, these early-build models nonetheless will be great airplanes with unparalleled efficiency and low costs. As with all programs, we’ll continue to focus on performance improvements that increase the value these airplanes will bring to our customers.”

Atlas Air will still received nine 747-8Fs through 2013.

William J. Flynn, President and Chief Executive Officer of Atlas Air Worldwide, said via press release that, “As prudent asset managers, terminating the first three aircraft was the right decision for our fleet, our customers and our stockholders. We expect the remaining 747-8Fs in our order to be better-performing aircraft than those we have terminated.”

The first three 747-8Fs delivered to Atlas will be contracted out to British Airways, where the next two will enter service with Panalpina. With the additional new 747s, Atlas plans to retire five of their Boeing 747-200s that they currently operate.

This comes on the heels of Atlas Air’s stock dropping 13%, after an analyst downgraded their shares from “buy” to “neutral.” The concern stems from the down economy. Could this have been less about the efficiency differences of the 747-8F or a good excuse for Atlas to take delivery of less aircraft without penalty?

There is still no word on when Cargolux will take delivery of their two Boeing 747-8Fs.

UPDATE 1:
Jim Prouix with Boeing Communications explained what Boeing is currently planning to do with the three aircraft involved in Atlas’ change of contract to AirlineReporter.com. “We are working to place the airplanes with other customers.”

Prouix also reiterated that Boeing’s dealings with Cargolux and Atlas are separate. “The decisions by Atlas and Cargolux were independent and involved distinct contracts and issues. We continue to work through unresolved contractual issues with Cargolux and look forward to delivering its airplanes.”

In March 2010, Atlas Air started operating the Boeing 747 Dreamlifters. It was strongly suspected that this deal was part of a compensation package to Atlas for the delays of the Boeing 747-8F. Boeing stated that “Atlas’ Dreamlifter contract is not at issue in this matter.”

Image: Jon Ostrower

The Boeing 747-8F is delayed. Will the 787 go to ANA before the 747-8F goes to Cargolux?

The Boeing 747-8F is delayed. Will the 787 go to ANA before the 747-8F goes to Cargolux?

As of now, the Boeing 787 Dreamliner is scheduled to be delivered to All Nippon Airways (ANA) on Monday September 26th. The first Boeing 747-8F was scheduled to be delivered to Cargolux on the 19th, but as of now has little hope of being delivered this week.

So that raises the question: which aircraft do you think will be delivered to their customer before the other? The 787 or the 747-8F?

[poll id=”6″]

If you are viewing this on my Seattle PI or Reuters syndications, you might need to go directly to AirlineReporter.com to vote.

Image: 747-8 belongs to flypdx