Guggenheim Aviation Partners orders Three Boeing 777 Freighters

Guggenheim Aviation Partners, a U.S. based aviation investment firm, acting on behalf of one of its investment funds, has ordered three Boeing 777 Freighters, with an option to purchase one additional airplane.

At list prices, the order is valued at approximately US$708 million. Delivery of the 777 Freighters will begin in 2009.

"Guggenheim Aviation Partners is pleased to add the highly capable and efficient Boeing 777 Freighter to our growing fleet," said Stephen Rimmer, Executive Officer of GAP. "The 777 Freighter is an ideal complement to our current and future 747 Freighter fleet and has unique capabilities that supplement and extend our leasing strategy."

Investment funds managed by GAP currently own a fleet of 31 Boeing aircraft. In addition to those airplanes, the funds placed orders for six 747-400ER (Extended Range) Freighters in June 2005 and four 747-8 Freighters in September 2006.

Based on the 777-200LR Worldliner (Longer Range) passenger airplane, the Boeing 777 Freighter, provides a revenue payload capability of 229,000 pounds (103 metric tonnes) and a range of 4,885 nautical miles (9,047 km).

The 777 Freighter is designed to facilitate easy interlining with the Boeing 747 Freighter. Both models are capable of 10-foot-high (3.1-meter) loads and load densities up to about 10 pounds per cubic foot (160 kg per cubic meter).

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