Leasing Company Now Largest 787 Customer

At the Paris Air Show Tuesday, Boeing and International Lease Finance Corp. (ILFC) announced the two companies have finalized orders for 63 airplanes, worth approximately $8.8 billion at current list prices.

ILFC will expand its fleet with a new order for 50 additional 787 Dreamliners. ILFC will take delivery of its first 787 Dreamliner in 2010, with additional airplanes arriving through 2017. Tuesday's order also includes 10 Next-Generation 737s, which extends ILFC's delivery stream through 2012

In addition, Boeing and ILFC disclosed an order booked earlier this year exercising options for two 787-8 Dreamliners and one 777-300ER (Extended Range) for delivery in early 2009, which was previously listed on Boeing's Orders and Deliveries Web site and attributed to an unidentified customer.

With Tuesday's announcement, ILFC becomes the largest customer of the 787 Dreamliner to date with 74 airplanes on order -- 73 787-8s and one 787-9.

"This order is the culmination of many months of intensive negotiations between Boeing and ILFC. We are experiencing strong leasing demand from airlines all over the world for the Boeing 787 Dreamliner," said Steven F. Udvar-Hazy, ILFC chairman and chief executive officer. "As the largest wide-body owner and lessor, we want to be responsive to our airline customers in providing the most economical, fuel efficient and environmentally friendly new-generation aircraft for our global airline clientele."

"Boeing is extremely proud of its successful partnership with ILFC over the past 30 years," said Scott Carson, president and chief executive officer, Boeing Commercial Airplanes. "ILFC has chosen Boeing to provide to its customers around the world the very best capability and value in commercial airplanes. This order underscores the record-setting market acceptance of the Boeing 787 Dreamliner within the financial community and among airlines around the globe."

Including the most recent order, ILFC has ordered 769 Boeing-branded jets since 1977, including 430 737s, 82 757s, 79 777s, 74 787s, 57 767s, 21 747s, 4 727s, 16 MD-80s, and six MD-11s.

FMI: www.boeing.com, www.ilfc.com