LUXEMBOURG, Lux.--Cargolux has ordered a new 747-8 freighter, valued at $357.5 million, from Boeing, bringing the airline's total oder of 747-8 planes to 14. Delivery of the additional plane is expected in March 2015, said a release.
The carrier took the first ever 747-8 freighter delivery in October 2011. It currently operates nine 747-8 freighters in addition to the 11 747-400 freighters that will be replaced as Cargolux takes delivery of the new planes.
The expansion of 747-8 freighters, which is part of the airline's fleet-renewal program, "will support the airline’s growth on the back of an expected increase in cargo volumes fueled by a recovery in world trade growth and improved business confidence," according to Cargolux.