Boeing lands largest 747 order in 25 years
Boeing (NYSE: BA) has landed its largest order for the four-engine 747 jet in a quarter century, a 20-jet order from Volga-Dnepr Group, a Russian cargo carrier.
The intent to order, announced at the Paris Air Show, is for 747-8F freighters, and probably is worth about $3.8 billion or less, based on the $190 million blue book price for the aircraft.
The actual price could be even less than the $190 million blue book, given Boeing’s urgent efforts to keep the 747 line operating, said Doug Kelly, senior vice president aircraft evaluation for aerospace analyst Avitas Inc., in Washington D.C.
“It wouldn’t surprise me to be lot less than that, if it’s a strategic order from a big customer,” he said. “Obviously it’s been a weak market. Boeing is desperate to make some sales.”
Boeing’s list price for the 747-8F aircraft is $368 million, and the list price value of the order would be $7.4 billion. The giant airplanes are a regular visitor to Dallas/Fort Worth International Airport as both freighters and as passenger aircraft.
The pressure to score a big 747 sale has been huge because Boeing’s list of unfilled orders – not including this new order – was down to 32 planes Wednesday, 14 of which were freighters.