Guggenheim Aviation Partners has ordered three Boeing 777 Freighters, with an option to purchase one additional aircraft. At list prices, the order is valued at approximately $708 million.
Delivery of the 777 Freighters will begin in 2009.
Guggenheim executive officer Stephen Rimmer said that 777 Freighter is an ideal complement to the company’s current and future 747 Freighter fleet, and has unique capabilities that supplement and extend its leasing strategy.
Investment funds managed by Guggenheim currently own a fleet of 31 Boeing aircraft. In addition, the funds placed orders for six 747-400ER (Extended Range) Freighters in June 2005 and four 747-8 Freighters in September 2006.
Boeing provides more than 90% of the total worldwide dedicated freighter capacity. Boeing estimates that global air cargo will grow by an average 6.1% over the next twenty years.
Since its launch in 2005, the 777 Freighter program has won orders for 49 aircraft from seven customers.
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