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Boeing Delivers First 747-8 Freighter

Boeing celebrated the delivery flight Thursday of the first 747-8
Freighter for Atlas Air Worldwide Holdings Inc.

The delivery is the first of nine 747-8 Freighters Atlas Air has on order.

Atlas Air's 49 percent subsidiary, Global Supply Systems (GSS), will
operate the new freighter for British Airways World Cargo through a
five-year wet-lease agreement, Boeing said in a statement.

"We have been looking forward to the delivery of our first 747-8F for
a long time, and we are delighted that it is going into service with
our valued, long-standing customer, British Airways World Cargo,"
President and Chief Executive Officer of Atlas Air, William J. Flynn
said.

As part of the lease agreement for three 747-8 Freighters with GSS,
British Airways World Cargo will utilize the airplanes on long-haul
routes to cargo hubs in Asia, Africa, India and the United States.

"The addition of the 747-8 Freighter to the fleet is an important step
in our overall long-haul business strategy," Senior Vice President for
IAG Cargo, comprised of BA World Cargo and Iberia Cargo, Jude
Winstanley said.

"The 747-8 Freighter provides us market-leading performance in terms
of payload, fuel efficiency, low ton-kilometer cost and environmental
compliance."

Vice President of North America and Leasing Sales, Kevin Schemm,
congratulated both Atlas Air and British Airways World Cargo on their
new freighter.

"The 747-8 Freighter will enable Atlas and British Airways World Cargo
to build on their success in the air cargo market," Schemm said.

"This airplane will deliver unparalleled efficiency and low operating
costs, including double-digit improvements in fuel burn and lower
emissions over the 747-400 it will be replacing."

The new 747-8 Freighter is 250 feet, 2 inches (76.3 m) long, which is
18 feet and 4 inches (5.6 m) longer than its predecessor, the 747-400
Freighter. The stretch provides customers with 16 percent more revenue
cargo volume, which translates to four additional main-deck pallets
and three additional lower-hold pallets.

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