Wed, Nov 03, 2010
Long-Range Airliners Will Be Leased To Thai Airways
International
Leasing company BOC Aviation said Tuesday it has finalized a
deal with Boeing for eight 777-300ERs (extended range) valued at
approximately $2.2 billion at average list prices.
BOC Aviation will lease the new airplanes to Thai Airways
International (Thai), Thailand's flagship carrier.
"Boeing 777-300ER airplanes have proven their reliability and
enabled airlines the world over to profitably operate long-haul
routes," said Robert Martin, managing director and chief executive
officer of BOC Aviation. "BOC Aviation has helped reinforce fleets
for clients worldwide with Boeing airplanes that make economic
sense."
The economics and high dispatch reliability of the 777-300ER are
expected to dramatically improve Thai's profitability on new and
existing long-haul routes. "The new 777-300ERs will enhance our
fleet modernization initiative and help us expand to new markets in
Europe," said Piyasvasti Amranand, President of Thai Airways
International.
THAI currently operates nearly every 777 model produced,
including the 777-200, 777-200ER, 777-300 and 777-300ER. In
addition, Thai Cargo became the first carrier in Southeast Asia to
utilize the 777 Freighter through an agreement with Southern Air
Holdings early this year.
"Over the years, BOC Aviation and Boeing have worked together to
provide the world's airlines with reliable airplanes that provide
superior operational efficiency," said Marlin Dailey, vice
president of Sales & Marketing for Boeing Commercial Airplanes.
"These additional Boeing 777-300ERs support Thai's commitment to
expanding market presence while delivering profitable growth."
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