Boeing announces orders for 85 planes worth $13 billion

Boeing announces orders for 85 planes worth $13 billion

Credit: KING

Boeing announces orders for 85 planes worth $13 billion

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by Associated Press and KING 5 News

NWCN.com

Posted on July 19, 2010 at 6:47 AM

Updated Monday, Jul 19 at 1:18 PM

FARNBOROUGH, England -  GE Capital Aviation Services says it has ordered 40 Boeing 737-800 planes for $3 billion at list prices.

"We are pleased to announce this Boeing order and the further growth of our fleet," said Norman C.T. Liu, president and CEO of GECAS in a press release. "Over the years, GECAS has successfully leased many 737s to airlines around the world."

Boeing says GECAS has more than 300 Next-Generation 737s in its fleet.

"Today's announcement with GECAS reaffirms the Boeing Next-Generation 737 as a highly successful asset, both in operation with airlines as well as in the financial community," said Marlin Dailey, vice president of Sales for Boeing Commercial Airplanes.

The deal announced at the Farnborough International Airshow on Monday follows an order from Emirates airline. Emirates airline has ordered 30 Boeing 777-300ER planes -- worth $9.1 billion in list prices.

The order adds to the 71 models of the same aircraft previously bought by Emirates.

"Since we took delivery of our first 777 14 years ago, the airplane's reliability, performance and operating economics have firmly established it as the backbone of our fleet," said His Highness Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief executive, Emirates Airline and Group in a news release.

The Dubai-based airline says it plans to use the purchase to "become a world leading carrier and to further establish Dubai as a central gateway to worldwide air travel."

According to the news release, "Emirates is already the world's largest 777 operator with a fleet of 86 777s through direct purchase and lease, plus an additional 16 777-300ERs previously on order. It is also the only airline in the world to operate every model in the Boeing 777 family, including the 777 Freighter."

There have been other orders for aircraft at the airshow -- raising hopes the aviation market is improving after a two-year downturn.

Low-cost carrier Norwegian Air Shuttle ASA has signed an agreement for 15 Boeing 737-800s. The airline is exercising purchase rights from its landmark 2007 order for 42 Next-Generation 737s. The order is valued at $1.15 billion at average list prices and increases the airline's unfilled orders to 59 Next-Generation 737s.

Norwegian Air Shuttle, which operates commercially as "Norwegian," is the second largest airline in Scandinavia and has a route portfolio that stretches across Europe into North Africa and the Middle East.

"We owe our success to our customers - almost 11 million passengers chose to fly with us in 2009. The Next-Generation 737 allows us to offer them on-time departures and arrivals, an environmentally-responsible and comfortable journey," said Bjorn Kjos, CEO of Norwegian Air Shuttle ASA. "We recognize the tremendous value Boeing's products and services bring to our business and are highly appreciative of the people of The Boeing Company."

Norwegian's landmark order in 2007 for 42 airplanes and 42 purchase rights was the largest ever airplane order from any Scandinavian carrier. Norwegian also is among the first airlines in the world to incorporate the new, spacious 737 Boeing Sky Interior into its airplanes.
 


 

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