Korean orders five B777Fs worth $1.5bn

Korean Air has finalised an order for five B777 freighters, valued at more than $1.5bn.
As one of the world’s largest cargo airlines, Korean Air currently operates an all-Boeing freighter fleet of 26 airplanes that includes 17 B747-400Fs, five 747-8Fs and four B777Fs.
Korea’s flag carrier currently operates 86 Boeing passenger airplanes and has unfilled orders for two 747-8Fs and six B777Fs.
The B777F is a long-range twin-engine freighter, capable of flying 4,900 nautical miles with a full payload at general cargo market densities.
Said Boeing: “The airplane’s range capability translates into significant savings for cargo operators: fewer stops and associated landing fees, less congestion at transfer hubs, lower cargo handling costs and shorter cargo delivery times.”
According to the Boeing World Air Cargo Forecast, global airfreight traffic will grow at an annual rate of 4.7 per cent, doubling cargo traffic over the next 20 years.
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