Nippon Cargo axes $1.5bn order for B747-8F quartet
SEP 7, 2015: Nippon Cargo Airlines (NCA) has cancelled an order with Boeing for four B747-8 freighters, worth $1.5bn, but still has two more set for delivery, the US plane maker has confirmed.
NCA, one of the launch customers for the 747-8 freighter in 2005, currently operates five Boeing 747-400Fs and eight 747-8Fs, according to its website.
The 747-8 freighter version, with a 140 tonne payload capacity, has a list price of $380m and is Boeing's second-most expensive aircraft.
In June this year, Volga-Dnepr signed a memorandum of understanding with Boeing to further its fleet expansion with 20 additional B747-8 freighters, with a list price value worth $7.4bn.
The additional 20 airplanes will be acquired through a mix of direct purchases and leasing over the next seven years, the companies said in a joint statement.
In July, Boeing reported an increase in the number of freighter aircraft delivered during the first half of the year, but also confirmed that it will scale back production of 747-8s.