Financially troubled Dubai Aerospace Enterprises has canceled orders for five of Boeing’s newest planes, the 747-8 Freighter.
The United Arab Emirates-based aircraft leasing company substituted orders for five 777 Freighters for the canceled 747 orders, Boeing said today.
Emirates Airways will operate the five 777 Freighters. Emirates is the world’s largest operator of Boeing 777 aircraft.
The 747-8 Freighter is the newest version of the 747. Boeing delivered its first two 747-8 Freighters last month to launch customer Cargolux. Those deliveries were delayed while the cargo airline, Boeing and the engine supplier, General Electric, negotiated over compensation due Cargolux because the new aircraft didn’t meet fuel efficiency guarantees.
The 747-8 is powered by four General Electric engines similar to the engines that power Boeing’s new 787 Dreamliner.
The latest 747-8 cancellation leaves Boeing with just 101 orders for the 747-8. Sixty-five of those are the cargo version of the aircraft.
The 747-8 features a new wing, new engines, a stretched fuselage, an updated cabin in the passenger version and new generation electronics.