Hmmm, looks like rumors were true.....
The Transaction and the related transactions described in the previous paragraph are part of a package of transactions between Boeing Company and:
(a) Air China Cargo (in which the Company owns a 25% equity interest and a 24% economic interest aggregating 49%), under which Air China Cargo will purchase 8 Boeing 777-200F Freighters and will sell 7 Boeing 747-400 converted freighters; and
(b) Air China (in which the Company owns a 19.28% equity interest), under which Air China will purchase certain other aircraft.
So, we get 3 -8F's, and Air China Cargo takes our 777F's ( because they can fly them cheaper than we can )and " certain other aircraft " , and everyone gets rid of their BCF's.
Doe's make me wonder if these 3 new -8's are really a new deal, or just firming up some of the options we already had? I read there are a few 'white tails' on the production line now, and given the short delivery time I'd wager we picked up a good deal on a couple of these!
Bring on the -8I !!