Mon, Aug 11, 2008
Lease Orders Have Brought In New Business, Boeing Says
Boeing and British Airways recently signed an order for two
Boeing 777-300ER jetliners valued at $529 million at list prices.
The American planemaker also announced that GE Commercial Aviation
Services (GECAS) has purchased two 777-300ERs, airplanes that were
previously listed as an unidentified order on the Boeing Web
The airplanes are two of four 777s that BA has agreed to lease
from GECAS -- including two 777s ordered in 2007 -- as part of its
recent commitment to the 777-300ER. British Airways also secured
options for four additional 777-300ERs directly with Boeing.
"Boeing and British Airways have a relationship that stretches
back over the last 50 years and this order is a reaffirmation of
this ongoing partnership," said Marlin Dailey, Boeing Commercial
Airplanes vice president of Sales for Europe, Russia and Central
Asia. "The 777-300ER offers exceptional fuel economy and
environmental credentials and will integrate seamlessly into
British Airways' existing twin-aisle fleet.
"In addition, our key partner GECAS continues to demonstrate
confidence in the 777. With the 777s GECAS has ordered in the last
two years, it has created five new 777 customers. Three of the five
new customers have subsequently purchased new 777s directly from
Boeing," Dailey said.
The two airplanes GECAS ordered are valued at $529 million at
catalog prices and raise to 25 the number of 777s (Freighters and
777-300ERs) that GECAS has purchased since November 2006. The 25
airplanes have been placed on long-term lease with six different
carriers, including British Airways.
Boeing pitches the 777-300ER as 18 percent lighter than its
closest competitor, while consuming 20 percent less fuel per seat
and costing 16 percent less to operate. The 777 family has the
reputation as one of the most reliable twin-aisle commercial
airplanes flying today.
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