As per a media report
The Boeing Company
) might get a big order for its 747-8 model from the Turkish
airlines, Turk Hava Yollari AO. Its international rival Airbus is
also in contention with its A-380 model. The Turkish airline is
planning to order for 15 jumbo jets valued at $4 billion.
Turk Hava Yollari has plans to expand its operations in the
emerging markets and add new routes. These expansionary moves will
surely spice up competition in the European airlines sector. The
new airplanes scheduled to be delivered after 2014 will enable the
Turkish airlines to take on the challenge.
Boeing's 747-8 model is a high quality airplane capable of
carrying in excess of 460 passengers for a distance of 8,000
nautical miles (14,815 km) and competes with Airbus' A-380. The
ground-breaking technology used to manufacture 747-8 models makes
it cheaper to operate in comparison to its peers.
Passenger comfort in conjunction with the ability to fly long
distances makes 747-8 popular among airline operators in the
international segment. The 747-8 model plays an important role in
Boeing's Commercial Airplanes segment. In the first quarter the
company delivered 6' 747-8 airplanes and has plans to deliver 35 to
42 '747-8 aircrafts in 2012.
We believe Boeing's model has a better chance of clinching the
deal from its international arch rival Airbus, as the former
consumes 11% less fuel per passenger compared to Airbus. On top of
it Boeing's 747-8 is also 10% lighter per seat than A-380, which
results in a seat-mile cost savings of 6% for the operators.
Besides, 747-8 is easily compatible with existing infrastructure
and ground equipment available in the airports, whereas many
airports across the world had to expand their facilities to
Boeing expects to generate revenue in the range of $78-$80
billion, of which the Commercial Airplanes segment is estimated to
contribute in the range of $47.5-$49.5 billion in 2012. Commercial
deliveries in the fiscal are expected between 585 and 600
The Boeing Company currently retains a Zacks #3 Rank (short-term
Hold rating). The company competes with the likes of
General Dynamics Corp.
Lockheed Martin Corporation
Northrop Grumman Corporation
) in the defense niche.
Based in Chicago, The Boeing Company designs and produces
commercial airplanes, defense systems, and civil and defense space
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