Guggenheim Aviation Partners cancels its 747-8F orders

Note: The following article is excerpted from the current issue of Cargo Facts Update. We encourage those of you who do not already subscribe to the weekly Update, and its companion the monthly printed Cargo Facts newsletter, to click here for more information.


US-based lessor GUGGENHEIM AVIATION PARTNERS (GAP) cancelled its firm order with BOEING for two 747-8 Freighters. GAP was one of only two lessors with 747-8F orders, and the cancellation leaves Boeing with a total of 74 orders, from one lessor (Dubai Aerospace Enterprise) and six carriers (Atlas Air, Cargolux, Cathay Pacific, Korean Air, Nippon Cargo Airlines, and Volga-Dnepr Airlines).

Guggenheim CEO Steve Rimmer told Cargo Facts that the company had already placed the two freighters with Korean Air, and added: “The cancellation was a direct result of the delays and the impact of those delays. We were very disappointed and surprised that we were left with no alternative but to terminate our agreement to purchase the two 747-8Fs.”  

For its part, Boeing said “Guggenheim’s lessee remains committed to the aircraft, and Boeing is working with that operator to make sure that we can support their plans to operate the airplanes.”



Exit mobile version