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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.”