Lessor Intrepid Aviation has changed an existing order for the Boeing 777–300ER in favor of the Boeing 747–8F. The lessor had a firm order for 6 Boeing 777–300ER, but has chosen to cancel 2 Boeing 777s on order and order 2 Boeing 747–8Fs instead.
Intrepid sees value in Boeing 747
As planned 2 Boeing 777–300ERs will be delivered to Philippine Airlines this year, 1 in October and 1 in December. Two aircraft will be rescheduled from delivery in late 2017 to H1 2018 and H1 2019. The two remaining orders have been canceled, while an order for the Boeing 747–8F will be placed or already has been placed.
Doug Winter, Intrepid’s President & Chief Commercial Officer, said the following about the change to its commitment to Boeing:
"While we are confident in the long-term value proposition of the B777–300ER, we saw value for our business in converting a portion of our investment commitment with Boeing into earlier and uniquely capable B747–8F freighters on very long lease to one of the industry’s premier cargo operators."
— — — — — — — — — — — — — — — — — — — — — — — — — — — — — —
Article written by partner:
AeroAnalysis was founded in June 2015 and commenced operation in July 2015. In 2013 AeroAnalysis started publishing its work on investing research platform SeekingAlpha, primarily covering the aerospace industry from a unique angle, combining knowledge about investing and aerospace products into unique write-ups that spark healthy discussions and give meaningful insight to investors.