Showing posts with label Boeing 747. Show all posts
Showing posts with label Boeing 747. Show all posts

Friday, 15 August 2014

The death of the original jumbo jet, Boeing's 747-400

Later this month, Cathay Pacific's 747 will fly from San Francisco to Hong Kong for the very last time. It's a story we're hearing from nearly every airline still flying the most recognizable passenger jet in aviation history -- rising fuel costs are prompting carriers to ground their fleets, opting to shuttle passengers in more modern (and efficient) airliners instead. Hundreds of 747s still take to the skies every day, but their numbers are dwindling, with Boeing's 777-300ER and 787 Dreamliner, as well as the enormous Airbus A380, picking up the slack. The flagships of yesteryear now litter the desert, with several sites in California serving as a permanent resting place for the plane that was once known as the Queen of the Skies, the Boeing 747-400.

The 400, the most prolific 747 type, first entered service with Northwest Airlines in 1989. It was the fourth iteration of Boeing's popular jumbo, featuring a more advanced flight deck, a lighter build and, perhaps most importantly, a significantly boosted range. The most recent iteration can travel more than 8,000 miles, enabling airlines to fly from North America to Southeast Asia or Australia without stopping to refuel. An extended-range model, which added fuel tanks to the cargo hold, is used exclusively by Qantas. That plane has a nearly 9,000-mile range, which covers the 8,500-mile trek from Sydney to Dallas, Texas (with a fueling stop on the longer westbound return). The Airbus A380 will replace the 747-400ER on that route beginning in September.
During the last three decades, more than 500 747-400s have been built, with British Airways, Lufthansa and United placing some of the largest orders. That latter carrier still operates one of the longest 747 routes, transporting nearly 400 passengers the 7,000 miles from San Francisco to Hong Kong every day. The versatile 777-200 has replaced its aging sibling on many of UA's other long-haul routes, though, offering significantly improved performance and a better passenger experience, with amenities such as more comfortable seats, WiFi and in-flight entertainment.
The 747-400's retirement doesn't mark the end for the entire aircraft line. Boeing's built an extended version, the 747-8, in an attempt to reclaim some of the superjumbo market from Airbus, and Lufthansa has begun operating that higher-capacity plane on routes between Germany and the US. And while carriers like British Airways, Delta and Qantas are phasing out the 747 entirely, other airlines are reassigning their planes to regional service. Thai's 747 travels throughout Asia, for example, and even carries passengers on the one-hour trip from Bangkok to Chiang Mai, while Cathay Pacific continues to operate the type between Hong Kong and regional destinations such as India and Bali.
And while passengers may want to avoid traveling 16 hours on a 747 that excludes power outlets and seat-back TVs, such as those operated by United, getting to fly the quad-engine jet on a short hop is nothing short of a thrilling treat. Even shorter routes will transition to more efficient aircraft over the next few years, but for the time being, you can still experience the original superjumbo on select flights. In the commercial aviation world, there's nothing more exhilarating than traveling in seat 1A, where the curvature at the nose makes it possible to see at a near-forward angle during takeoff and landing. And, if you're lucky enough to be traveling in business class, climbing the stairs up to the exclusive second deck is an experience in and of itself.
For aviation buffs, the 747's retirement is a devastating milestone, but it also represents significant progress. Better fuel efficiency means reduced emissions, and the 777-300ER, 787 Dreamliner, Airbus A380 and the upcoming A350XWB offer unprecedented comfort, for passengers and crew members alike. Fortunately, there's still time to hop aboard a 747-400, and while you might find a better experience elsewhere, I highly recommend taking this brilliant craft for a final spin.

Friday, 27 June 2014

Boeing to Deliver its 1500th 747

Boeing will deliver its 1,500th 747 when Lufthansa picks it up on Saturday. It is the first wide-body aircraft ever to hit the mark, forty-five years after it originally took flight. The aircraft is a 747-8 Intercontinental, representing the latest iteration of the what has been called the queen of the skies by publicists and, affectionately, the Whale, by pilots. First flown in 2011, the -8 included a substantial redesign of its wings, fresh cabin features, and new engines. The intention, when the program was launched back in November 2005, was to breathe new life into an already successful program, allowing customers to replace aging 747-400s with something bigger and better, while providing a viable alternative to Airbus’ ultra-huge A380.
Given the success of the 747 program to date, it seemed like the 747-8 would be a surefire way of seeing the program go onto even greater feats. Yet Saturday’s achievement is widely believed to be the last major production mile-marker the jet will pass according to a published report. Orders have slowed to a trickle, and production has been reset to match, with the factory producing one and a half jets per month. The current order backlog, combined with current production rates, would extend the line through late in the decade, when it is rumored the last jets off the line could become the new Air Force One fleet, replacing earlier generation 747-200s built in 1990.

Wednesday, 14 May 2014

Boeing's 747s Are Failing To Take Off As Demand For Large Commercial Jets Remains Depressed

Sustained weakness in global cargo markets and lower than anticipated demand for large commercial airplanes is weighing on sales of Boeing‘s largest commercial airplane – the 747-8. The passenger version of this airplane, 747-8 Intercontinental, which seats 467 passengers in a three-class seating configuration, has received no orders from airlines so far this year. While its freighter version, 747-8F, has received order for just one airplane this year through the first week of May.

In our view, the depressed order volume for 747′s passenger version is reflective of the fact that currently there isn’t healthy growth in the number of routes worldwide where such large aircraft can be deployed by airlines. These airplanes were initially conceived with the anticipation that sustained growth in demand for air travel and constraints in airport infrastructure will compel airlines to increasingly adopt larger airplanes. That anticipation hasn’t been realized uptill now as airlines see few routes globally where they can fill over 450 seats on every departure. At the same time, sustained weakness in global air cargo markets has weighed on orders for 747′s freighter version. We figure these low order volumes for Boeing BA -0.34%’s 747s will in the near term weigh on its growth from its better performing airplane models like the 737 and 787 Dreamliner.

We currently have a stock price estimate of $142 for Boeing, around 5% ahead of its current market price.

Boeing Lowered Its 747 Production Rate Due To Weak Order Volumes

Since their launch, Boeing has received orders for 120, 747-8s. 69 of these have been for its freighter version while the remaining 51 have been for its passenger version. The company has delivered 69 747-8s against these orders through April, so it currently has a backlog of around 51 747-8s. Additionally, many airlines which ordered these airplanes do not have their deliveries scheduled in the near future. As a result, Boeing has many unsold 747 production positions on its hands. Faced with manufacturing and stocking unsold airplanes, the company in February, lowered its 747 production rate to 1.5 airplanes per month from 2 airplanes per month.Additionally, it plans to maintain these lowered production rates through 2015 and has indicated that it is working to get additional orders for the 747. However, we figure the pressure to generate higher order volumes for the 747 will likely create pricing pressure which will weigh on the company’s margins under the 747 program. In addition, priced at approximately $355 million a piece, the cost impact from manufacturing and stocking an unsold 747 will be significant.

In comparison, Boeing has received strong orders for its relatively smaller airplane models such as the narrow body 737, which seats 110-180 passengers in a two-class cabin configuration, and 787 Dreamliner, which seats around 240-320 passengers in a three-class seating arrangement. Driven by strong order volumes for these two airplanes, the company has over the last few years posted strong growth in its results. Looking ahead, for the foreseeable future we figure Boeing’s 747 program will temper its growth from the 737 and 787 programs.

777X Could Impact A Portion Of 747′s Demand

Another factor we figure is likely weighing on demand for the 747 is Boeing’s 777X airplane which is scheduled to enter service with airlines around the end of this decade. The larger version of the 777X – 777-9X – is being designed to seat around 410 passengers in a three-class seating arrangement. We figure in a two-class seating arrangement this plane could like the current generation 777-300ER seat up to 450 passengers. It will thus seat nearly as many passengers as the 747 seats in a three-class seating arrangement. Coupled with much higher fuel efficiency and a similar range, it is possible that the larger 777X is cannibalizing a portion of 747 sales. Having said this we figure demand for the 747 freighter version will remain due to its distinctive cargo loading and unloading through the airplane nose door, which allows for transport of oddly-shaped, large-sized items.

Orders For Airbus A380 Have Also Remained Below Expectations

The weak global demand for large commercial airplanes has also weighed on sales of Airbus A380, which is the largest commercial airplane in the world. This airplane, which seats around 550 passengers in a three-class seating arrangement, has received orders for 20 airplanes through April this year. It has done better than Boeing’s 747 in terms of orders, but even its order volumes are below expectations. However, despite the weak order volumes for these large commercial airplanes we do not write-off the Boeing 747-8 and Airbus A380 as airplane model successes are determined over many years.

World Cup: Lufthansa becomes Fanhansa

They will be the centre of attention in the coming weeks before and during the football World Cup. A total of eight aircraft in the Lufthansa fleet will swap their well-known lettering for the new ‘Fanhansa’ logo. It will be the first time that Lufthansa has changed for a certain time period its name on the fuselage of some its aircraft since commencing operations almost 60 years ago. 
On the 16th of May, the first “Fanhansa Airbus” will take off from Munich to Hamburg and London. The first flight will be LH 2066 departing at 11.20 a.m. from Terminal 2. This Airbus A321-200 will be followed by two additional short-haul aircraft and a total of five long-haul aircraft, including the Boeing 747-8, the world’s longest aircraft, which will feature the ‘Fanhansa’ logo. 
“Fanhansa is more than a logo on the aircraft, of course – it is a surprise for our customers and a thank you to our fans,” says Alexander Schlaubitz, Head of Marketing at Lufthansa Passenger Airlines. “Over the coming days, we will be creating new travel experiences with a number of different promotions – there is no doubt that we will be flying the happiest fans to Brazil with Fanhansa, offering the best World Cup atmosphere and pure football fever. It will make Lufthansa the official carrier of all football fans.” 
With Fanhansa, Lufthansa will be flying not just the German national team to Brazil, as partner of the German Football Association, but also thousands of football fans, media representatives and officials. 
During the many surprise promotions that will be happening on board Lufthansa’s scheduled flights and at check-in counters and gates in German airports, participants will be able to qualify immediately for a ticket to Brazil on board a Fanhansa plane. This naturally includes the World Cup experience in the land of the Amazon, Copacabana and Caipirinha. 
Fans of the latest Lufthansa experience can follow everything to do with Fanhansa online at LH.com in the next few weeks: the night in the Lufthansa Technik hangar in Munich and the application of the lettering, which will be up to 1.23 metres high, the first surprise flight, the departure of the German team at Frankfurt Airport and, of course, the flight carrying all of the fans to Brazil in mid-June.

Thursday, 8 May 2014

Lufthansa will fly Boeing 747-8 on Frankfurt-Mumbai route

Lufthansa will fly its Boeing 747-8 aircraft on Frankfurt-Mumbai route offering more capacity and higher business class seats from July 15. The airline already flies this aircraft to Delhi and Bangalore. The aircraft is configured with 8 first class, 80 business class and 298 economy class seats.
"The B747-8 sets new standards of comfort and efficiency. Our customers will be able to experience Lufthansa's latest in-flight products, such as a sophisticated new Business Class seat featuring a 6.5 feet long full-flat bed with vastly improved sleeping comfort and greater privacy,'' said Wolfgang Will, Lufthansa director (South Asia).

Friday, 2 May 2014

Boeing delivers 75th 747 to Lufthansa

Boeing and Lufthansa celebrated the delivery of the German airline's 75th 747 on Wednesday.
"Lufthansa is proud to share this milestone with Boeing," said Nico Buchholz, executive vice president, Lufthansa Group Fleet Management. "The 747 is an amazing airplane and will continue to delight our passengers for many years to come, and provide them with the ultimate in comfort and efficiency."
Lufthansa is the launch customer for the 747-8 Intercontinental jetliner and took delivery of the first one in April 2012. The airplane delivered Wednesday is Lufthansa's 13th 747-8 Intercontinental. The airline currently flies the 747 to 22 destinations in 10 countries. Over the years, Lufthansa has ordered a total of 81 747s.
Lufthansa's first 747 – a 747-100 – was delivered in 1970. The airline was also the first to order the 747-200 Freighter.
"Boeing and Lufthansa have a long and proud history of working together to bring new innovations to the airline industry," said John Wojick, senior vice president, Global Sales, Boeing Commercial Airplanes. "We are pleased to continue that tradition with the 747-8 Intercontinental."
The 747-8 has accumulated 120 orders for passenger and cargo versions, 68 of which have been delivered.