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Guggenheim Cancels Orders for Two 747-8 Freighters
Jan 12, 2010 -
SEATTLE - Guggenheim Aviation Partners, has cancelled its order for two new 747-8 Freighter aircraft.

That cancellation late last year reduces Boeing’s backlog for the next-generation 747 to 108 aircraft. The leasing company, based in Chicago and New York, still has two 747-8Fs on order from Boeing.

The airborne freight business has declined with the slowdown in the global economy, and the availability of freighters mothballed by other carriers makes leasing a new freighter a riskier proposition.

The 747-8 is the latest version of the 40-year-old jumbo jet. Boeing is stretching the plane’s fuselage, installing improved wings and cockpits and equipping the planes with versions of the same new GEnx-2B engines the Boeing 787 Dreamliner uses.

The first two aircraft of the 747-8 have rolled out of Boeing’s Everett assembly plant. They’re expected to fly for the first time later this month.

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