Log in using a social network

Business  Published 10.10.2011
Text by: Aaron Grunwald

Still no 747-8 deal

Aviation: Cargolux and Boeing have yet to resolve their dispute over the delivery of two 747-8 freighters.

Still no 747-8 deal Photo(s) : Christian Aschman/Cargolux

Negotiations have been ongoing since October 1 and were set to continue through the weekend, the air cargo company said on Friday. The jets were previously expected to land in Luxembourg on September 19 and 21, but Cargolux refused to take delivery citing “unresolved contractual issues” with the aircraft manufacturer.

Akbar Al Baker, CEO of Qatar Airways--which bought 35 percent of Cargolux in September--said the 747-8’s GE engines did not deliver the promised fuel efficiency, causing the Luxembourg carrier to seek compensation.

The US aviation company Atlas Air announced its refusal to take delivery--“due to delays and performance considerations”--of three 747-8s shortly after the Cargolux-Boeing row became public.

Cargolux, launch customer for the 747-8, had firm orders for 13 of the freighters and options to purchase 12 more, the company told Delano earlier this year. The carrier was originally set to receive the first plane in 2009, but design problems pushed back the delivery date by two years.

Boeing has repeatedly said over the past few weeks that the planes were ready and it looked forward to delivering them to customers.

A spokeswoman for Cargolux told Delano that "no final agreement has been reached" as of 4 p.m. on Monday.

Related articles

747-8 deal back on radar screen

More 747-8s rejected

747-8 delivery delayed

Keywords:   Cargolux, 747-8, Boeing, logisitics, transport, aviation, Qatar, Atlas Air

Cinema

Ninja Turtles 3D

Action, US, 101 min
Cast: Megan Fox, Will Arnett, William Fichtner
Director(s): Jonathan Liebesman

Restaurant

Find a restaurant :

Or check out Explorator's pick :

Facebook

Metriweb