China Cargo Airlines finalizes Boeing 747-400ER Freighter Agreement

China Cargo Airlines has finalized an agreement with Boeing for the acquisition of two Boeing 747-400ER Freighters.

The order is valued at approximately $430 million at list prices. China Cargo Airlines, a subsidiary of Shanghai-based China Eastern Airlines, will receive its new 747-400ER Freighters in July 2006 and August 2007.

"This is a new element to our long, mutually beneficial relationship with the China Eastern Airlines family," said Rob Laird, vice president - China, Boeing Commercial Airplanes Sales. "China Cargo recognizes, as does the world, the reliability, efficiency and value of the 747-400 Freighter in today's cargo market. This investment will make a valuable contribution to the success and future growth of China Cargo Airlines."

 The 747-400ER Freighter can carry 124 tons (113,000 kg) of cargo up to 4,970 nautical miles (9,200 km).

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