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Boeing 777 Freighter Completes 2 Years in Service

EVERETT, Wash., Feb. 28, 2011 /PRNewswire/ — Hauling everything from giant panda bears to high-performance race cars the Boeing 777 freighter in its first two years in service is earning the reputation as the work horse of the industry.

The growing fleet of 777 freighters has flown approximately 120,000 hours and boasts a daily utilization rate of 11.34 hours. Fleet schedule reliability is at 99.37 percent, which means the freighter has a near-perfect record of on-time takeoff and landings. Eighty-three have been ordered, and 39 freighters now are in service with nine airlines.

FedEx Express is the largest 777 freighter operator with a fleet of 11 currently in operation, and another airplane just delivered. An additional 13 777 freighters remain in Boeing’s backlog for FedEx.

“The world’s longest range twin-engine freighter is elevating our high level of service to customers around the world,” said James R. Parker, executive vice president of FedEx Express Air Operations. “Our customers are enjoying the nonstop 777 flights that offer them the latest cutoff times in key manufacturing centers in China, an advantage unmatched by the competition.”

Emirates SkyCargo, the freight division of Emirates airline, now operates two 777 freighters. The airplane is playing an integral role in Emirates’ freighter fleet due to the airplane’s long-range capability.

“Emirates has opted for these brand new, super-efficient aircraft to ensure we are best placed to serve the industry’s requirements in the long term,” said Emirates Divisional Senior Vice President Cargo Ram Menen. “We are absolutely delighted with this airplane!”

The 777 freighter is the world’s longest-range, twin-engine freighter and features the lowest trip cost of any large freighter, with high-cargo density and 10-foot (3.1-meter) interior height capability that complements the popular 747 freighter family.

Providing cargo capacity normally associated with larger airplanes, the 777 freighter can fly 4,900 nautical miles (9,070 kilometers) with a full payload of 225,200 pounds (102 metric tons). The 777 freighter is powered by General Electric’s GE90-110B1L and meets QC2 noise standards.

“The 777 freighter is a great example of how Boeing is committed to continuously improving the 777 family to deliver top value to owners and operators,” said Larry Loftis, vice president and general manager of the 777 program.

Boeing is the air cargo industry leader, using its expertise to support customers in their success and to promote the industry. The company also offers the most complete family of freighters, which provide superior efficiency and operational economics in support of airline profitability.

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    NTSB to Hold Investigative Hearing Into August 2013 UPS A300 crash in Birmingham, Ala.


    NTSB to Hold Investigative Hearing Into August 2013 UPS A300 crash in Birmingham, Ala.

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    WASHINGTON – The National Transportation Safety Board has scheduled an investigative hearing on February 20 into the crash of a UPS Airbus A300-600 on approach to Birmingham-Shuttlesworth International Airport in Birmingham, Ala., on Aug. 14, 2013.
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    Boeing Completes Acquisition of Summit Aeronautic Group in Montana

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    Forward-Looking Information Is Subject to Risk and Uncertainty
    Certain statements in this release may be “forward-looking” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “expects,” “plans,” “intends,” “projects,” “believes,” “estimates,” “targets,” “anticipates,” and similar expressions are used to identify these forward-looking statements. Examples of forward-looking statements regarding the proposed acquisition of Summit include, but are not limited to, statements regarding the expected timetable for completing the transaction, future business prospects, our guidance relating to 2010 and 2011 financial and operating performance, product development and benefits and synergies of the transaction, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based upon assumptions about future events that may not prove to be accurate. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements. As a result, these statements speak to events only as of the date they are made and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by federal securities laws. Specific factors that could cause actual results to differ materially from forward-looking statements include, but are not limited to, the effect of economic conditions in the United States and globally, the ability of the parties to satisfy the transaction conditions and complete the acquisition, the risk that competing offers will be made, our ability to successfully integrate Summit’s business and realize anticipated synergies, and other important factors disclosed previously and from time to time in our filings with the Securities and Exchange Commission.

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