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Tue, May 13, 2008

Boeing, El Al Finalize Triple-7 Deal

Israel's Flag Carrier Signs For Four 777-200ERs

Boeing and El Al Israel Airlines announced Monday the two companies recently completed an order for four 777-200ERs (Extended Range).

The Israeli airline also secured options for two additional 777s and holds conversion rights for the 777-300ER, a larger version of the 777 with increased payload and range capability. The order is valued at $850 million at list prices.

El Al's long-haul fleet already includes six Boeing 777s. The relationship between Boeing and El Al dates back to 1948, when El Al started operations with a Douglas C-54.

"In the year of its 60th anniversary, El Al continues a proud tradition of operating the most modern equipment available on the market. The 777 is a valuable asset to El Al's successful long-haul operations," said Marlin Dailey, vice president of Sales for Europe, Russia and Central Asia, Boeing Commercial Airplanes.

To date, 55 customers around the world have ordered 1,074 777s, making it the most successful twin-engine wide-body airplane on the market. Boeing has more than 360 777 orders yet to be filled.

FMI: www.boeing.com, www.elal.co.il

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