National Airlines Selects Four Boeing 777 Freighters to Expand Global Fleet

Rhea-AI Summary

Boeing [NYSE: BA] and National Airlines have announced a commitment for National Airlines to place its first order for four 777 Freighters. This order marks National Airlines' entry into the next chapter of its fleet growth plan. The 777 Freighter, known for its unrivaled payload capacity and longest range among twin-engine freighters, will enhance National's commercial cargo service and boost its global market share.

Key highlights:

• 777 Freighter can fly 9,200 km (4,970 nmi) and carry 107 tonnes of freight
• National Airlines currently operates nine 747-400 freighters
• Boeing predicts demand for 2,845 additional freighters over the next 20 years
• Boeing provides over 90% of worldwide dedicated freighter capacity

Positive

• National Airlines commits to order four Boeing 777 Freighters, expanding Boeing's customer base
• The 777 Freighter offers superior range (9,200 km) and payload capacity (107 tonnes) compared to other twin-engine cargo jets
• Boeing's Commercial Market Outlook predicts demand for 2,845 additional freighters over the next 20 years
• Boeing maintains market leadership with over 90% of worldwide dedicated freighter capacity

Negative

• None.

News Market Reaction

-0.43%

1 alert

-0.43% News Effect

On the day this news was published, BA declined 0.43%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

FARNBOROUGH, United Kingdom, July 22, 2024 /PRNewswire/ -- Boeing [NYSE: BA] and National Airlines announced today the global carrier has committed to place its first order for four 777 Freighters. Currently the longest-range twin-engine freighter with unrivaled payload capacity, the 777 Freighter will help maximize the airline's commercial cargo service and boost market share across its global operations.

"We are elated by this remarkable order of four Boeing 777 Freighters. This demonstrates our commitment to offering efficient, resourceful, and modern air freight services to support our global customers' increasing transportation demands," said Christopher Alf, chairman of National Airlines. "The order affirms our fleet growth plan as we enter into the next chapter of National. We sincerely appreciate the support by Boeing and all its associated teams in this journey ahead."

Once finalized, National Airlines' first direct purchase of Boeing airplanes will be posted to Boeing's Orders & Deliveries website.

The 777 Freighter can fly farther (9,200 km / 4,970 nmi) and carry more freight (107 tonnes) than any other twin-engine cargo jet today. This capability enables operators to fly more freight on more nonstop routes with better operating economics.

"We appreciate National Airlines for its trust in Boeing and the 777 Freighter to grow the carrier's global fleet and deliver greater value for its customers," said Stephanie Pope, president and CEO of Boeing Commercial Airplanes. "With its cargo capacity, range and reliability, operators continue to rely on the 777 Freighter to build their future fleets, making it the best-selling freighter of all time."

The 777 Freighters will join National Airline's expanding fleet of nine 747-400 freighters. Designed to integrate seamlessly with existing 747 operations, the 777 Freighter allows carriers to easily transfer cargo between the two airplanes to streamline ground logistics and leverage additional cost savings through fleet commonality.

Boeing has delivered more than 270 777 Freighters to date. As the market leader in freighter airplanes, Boeing provides more than 90% of the worldwide dedicated freighter capacity, including production and converted airplanes. Over the next 20 years, Boeing's 2024 Commercial Market Outlook predicts an additional 2,845 freighters will enter service to meet growing global trade and e-commerce.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing's diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company's core values of safety, quality and integrity. Join our team and find your purpose at boeing.com/careers.

Boeing Media Relations
media@boeing.com

 

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SOURCE Boeing

FAQ

How many Boeing 777 Freighters did National Airlines order?

National Airlines committed to place an order for four Boeing 777 Freighters.

What is the range and payload capacity of the Boeing 777 Freighter?

The Boeing 777 Freighter has a range of 9,200 km (4,970 nmi) and can carry 107 tonnes of freight.

How many 777 Freighters has Boeing delivered to date?

Boeing has delivered more than 270 777 Freighters to date.

What is Boeing's [BA] market share in the global freighter market?

Boeing provides more than 90% of the worldwide dedicated freighter capacity, including production and converted airplanes.