They are historically big buyers of Boeing jets for personal use. Boeing will not identify the customers, but many in the aviation world say the orders are probably coming from people in the Middle East who are flush with oil riches. Each plane carries a list price of about $275 million. The 747-8 is even being sold and outfitted by Boeing as a private jet much like Air Force One, which is a 747. Kutler, chief executive of Admiralty Partners, a private investment firm in Santa Monica, Calif., that specializes in aerospace. вЂњThe new 747 is an inexpensive way for Boeing to capture some passenger orders, a lot of cargo orders and make a fair amount of money because of the Airbus 380 hiccup,вЂќ said Jon B.

Even the initial orders for the latest model were for air freighters, an unusual move in an industry that likes to kick off new models with orders from high-profile passenger carriers.Д«ut, technological advances, particularly next-generation fuel-efficient engines, improved the economics of operating a four-engine passenger plane like the 747. Until the Lufthansa deal was announced, all 747-8 orders had been for the freighter version of the plane. In large part, the 747вЂ™s new lease on life is owed to global trade. They are the only two planes in the вЂњvery largeвЂќ category: The 747-8 is designed to carry up to 467 passengers, while the A380 can carry up to 555. While Boeing takes pains to say that the two planes are not head-to-head competitors, the industry generally sees them that way. This reversal of fortune comes as AirbusвЂ™s superjumbo A380 has stumbled, falling two years behind its delivery schedule amid persistent wiring problems and a management shake-up at the company. Dickenson, BoeingвЂ™s vice president for sales, at a news conference yesterday. вЂњItвЂ™s taken us time to evolve the plane,вЂќ said Larry S. Boeing now has 73 orders for the plane after its latest lift yesterday from Lufthansa, the big German carrier, which announced it was placing a $5.5 billion order for 20 747-8s, and took options to buy 20 more. Demand is growing for the new 747-8 Intercontinental, which was introduced a year ago.

Wurlitzer organ model 555