Boeing builds bigger 747

SEATTLE – Boeing Co. is launching bigger, more efficient versions of its 747 jumbo jet in a move that will put competitive pressure on rival Airbus and its A380 superjumbo.

The Chicago-based company said Luxembourg-based Cargolux Airlines International SA has ordered 10 freighter versions of the new airplane, dubbed the 747-8, with purchase rights for 10 more. Nippon Cargo Airlines of Japan has ordered eight of the freighter planes, with options for six more. Both airlines will begin receiving the planes in the latter half of 2009.

The firm orders from the two companies are worth $5 billion at list prices, although airlines typically negotiate steep discounts.

“We are thrilled to have Cargolux and Nippon Cargo choose the new 747-8 and become the launch customers for this next generation of the proud and valuable 747 airplane family,” said Alan Mulally, head of Boeing’s Seattle-based commercial airplanes division.

The new airplanes will use technologies and General Electric Co. engines designed for Boeing’s forthcoming 787 airplane to make the 747 quieter and more efficient, Mulally said.

“The interest for the airplane is phenomenal,” Mulally said.

The new passenger version of Boeing’s four-engine widebody airplane will seat 450 people, up from 416 in the most current model, and will feature a redesigned interior.

It will be nearly 12 feet longer than the current 747 and will be capable of flying 9,200 miles.