Boeing (NYSE: BA), on Thursday afternoon, towed the first 747-8 Freighter out of the factory in Everett, Wash. The airplane, ultimately destined for Cargolux, will be painted and begin preparations for flight test.

"It is very rewarding to see this airplane transition to the flight test phase," said Mo Yahyavi, 747 program vice president and general manager. "Our employees, suppliers and customers have put a lot of work into making the 747-8 Freighter a reality."

The 747-8 Freighter is the new high-capacity 747 that will give cargo operators the lowest operating costs and best economics of any freighter airplane while providing enhanced environmental performance. It is 250 feet, 2 inches (76.3 m) long, which is 18 feet and 4 inches (5.6 m) longer than the 747-400 Freighter. The stretch provides customers with 16 percent more revenue cargo volume compared to its predecessor. That translates to four additional main-deck pallets and three additional lower-hold pallets.

Boeing has secured 105 orders for the 747-8, 78 of which are orders for the new freighter. Cargolux, Nippon Cargo Airlines, AirBridgeCargo Airlines, Atlas Air, Cathay Pacific, Dubai Aerospace Enterprise, Emirates SkyCargo, Guggenheim and Korean Air all have placed orders for the 747-8 Freighter.