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Wed, Jul 19, 2006

Boeing Raking In Orders At Farnborough

New Deals From ILFC, Pegasus, Flyington Freighters

Building on Monday's announcement of orders from Lion Air and LoadAir Cargo -- for 737-900s and 747-200Fs, respectively -- Boeing continues its order onslaught at Farnborough 2006 --

  • Boeing Company announced a Wednesday that aircraft lessor International Lease Finance Corp. (ILFC) is exercising purchase options for six 737-800s, two 777-300ERs and two 787 Dreamliners, in a deal valued at approximately $1.2 billion at list prices. Deliveries of the 737s and the 777s begin in the first quarter of 2009 and the 787 deliveries begin in early 2012. With the latesr announcement, ILFC has ordered 706 Boeing jets since 1977 and in that time, has placed Boeing 777s, 737s, 747s, 757s and 767s with airlines around the world. Its fleet encompasses three models of the Next-Generation 737 - the 737-600, -700 and -800 - and three models of the 777 family - the -200ER, -300 and -300ER. ILFC has ordered 420 737s; 78 777s and 22 Boeing 787 Dreamliners.
  • On Tuesday, Boeing added another leasing company to its customer base for the 787 Dreamliner by signing an order for six 787-8s from Pegasus Aviation Finance Company of San Francisco, CA. Four of those aircraft are already slated for delivery to Blue Panorama, for the total of six. Pegasus has not announced a leasing customer for the additional two airplanes. The order is valued at approximately $918 million at list prices, with deliveries begin in 2009.
  • And while there's still no word on a rumored -- and prematurely reported -- 10 plane deal with Qatar Airways for 777s, Boeing has been able to move some freighter versions of the Triple-7, with a purchase agreement announced Wednesday with India's Flyington Freighters. The company will purchase four Boeing 777 Freighters... as long as the airline is able to obtain the necessary statutory clearances.

Unlike in 2005 -- when Boeing was soundly trounced by Airbus in the order department at the Paris International Air Show -- this year's show appears to be a nearly-all-Boeing affair... but as they say, the show ain't over yet. Stay tuned!

FMI: www.boeing.com, www.farnborough.com

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