Boeing Secures New 747-8 Order

Boeing has booked two firm orders for the 747-8, ending what was shaping up to be a second year without net new purchases of the iconic jumbo.

The orders for the USD$379 million jet bring to 24 the number of 747-8s Boeing has committed to build, according to Boeing's official tally. That's about two years of backlog as the company slows production to one a month in March from 1.3 a month currently.

Boeing declined to identify the buyer or say whether the order was for the passenger or freighter version.

The company had booked four other 747-8 freighter orders this year, but four cancellations in September had left it with no net increase in the backlog.

Boeing also won a commitment in June for 20 747-8s from Russian cargo airline Volga-Dnepr.

The US Air Force also agreed to buy an unspecified number of 747-8s for the Air Force One presidential fleet, which currently has two planes. Both need to be confirmed before they would be added to the order list.

Although orders have dwindled, Boeing says at least 143 older 747 freighters will need to be replaced and sees demand for 540 very large aircraft over the next 20 years. Airbus sees a market for 1,551 such planes.