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LoadAir Cargo, a recently-launched air freight operation based in Kuwait, has signed an order with Boeing
for the delivery of two 747-400 Extended Range Freighters. The airplane deal is valued at $494 million at list prices with both deliveries scheduled for early 2009.
"This major investment demonstrates our commitment to build a world-class cargo airline business based in Kuwait" said LoadAir's Chairman,
Sheikh Khalifa Ali Al-Sabah. "The 747-400ERF has demonstrated the ability to perform unmatched cargo operations across the globe, and we look
forward to employing our new freighters to offer a competitive solution to customers worldwide."
Launched in a highly successful IPO in 2005, LoadAir has been granted an exclusive license to carry cargo to and from Kuwait. The freight operator
plans to develop local, regional and inter-continental cargo operations that will be managed from its base in Kuwait City, Kuwait.
The 747-400ERF has a maximum takeoff weight of 910,000 pounds (412,775 kg), a maximum payload of 248,600 pounds (112,760 kg) and a
maximum range of 4,970 nautical miles (9200 km). The airplane's distinctive nose door allows increased revenue by accommodating high-value
outsize shipments, and with the side door, provides superior efficiency and flexibility in ground operations.
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