US aerospace giant Boeing has unveiled its 747-8 Intercontinental, a longer and more fuel efficient update of its emblematic jumbo jet, which it hopes will compete with Airbus A-380.
'Look at this marvellous flying machine, it's our future,' Pat Shanahan, Boeing's vice president and general manager of commercial airplanes division, said at the unveiling ceremony at the company's plant in Everett, Washington near Seattle yesterday.
Boeing took all by surprise in unveiling a new colour scheme - red and orange - a departure from its standard blue, in honour of the cultures of Asian clients for whom the colours symbolize prosperity and good fortune.
An estimated 10,000 people attended the unveiling, which was broadcast on the company's website.
The 747-8 keeps its predecessor's humped shape, but is longer to allow for more seats and cargo space. The new model, Boeing's largest, can carry 467 passengers and is designed for long haul routes. The Airbus A-380 has 525 passenger seats.
The new plane's cost per seat is 6% lower than that of the A-380, according to Boeing.
Boeing has orders for 33 - including from Lufthansa and Korean Air - of its 747-8 Intercontinental, which is the passenger version. It has 74 orders for the freight version.
Lufthansa, which has ordered 20, will be the first to receive the new model, according to Boeing, likely in early 2012.
The 747-8 uses some technological innovations from Boeing's troubled 787 Dreamliner, whose completion is three years late because of technical problems. The Dreamliner should be delivered late this year.
The 747-8's interior was inspired by that of 787, with a rounded staircase to the upper deck, higher ceilings and elongated windows.
The Dreamliner was heralded as a new generation of highly fuel-efficient mid-sized aircraft, but Boeing has encountered difficulties in bringing the plane to market due to its use of composite materials as well as integrating production at various sites.
In December, Boeing said it had installed updated power system software and conducted rigourous reviews to confirm flight readiness after it had to halt tests due to an electrical fire that forced an emergency landing.
