Paris Air Show Boeing orders: Air Lease Corporation, Qatar Airways and "undisclosed customers"
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Boeing Statement on Air Lease Corporation Agreement for up to 33 Airplanes .LE BOURGET, France, June 20, 2011 /PRNewswire/ -- Boeing (NYSE: BA) announced today at the Paris Air Show that Air Lease Corporation (ALC) will purchase up to 33 airplanes. The agreement calls for 14 firm orders and four options for Next-Generation 737-800s, as well as five 777-300ERs (Extended Range) and four 787-9 Dreamliners. ALC also agrees to exercise options on six airplanes from last year's 60 737-800 order.
Boeing looks forward to finalizing the details of the agreement, at which time it will be posted to the Boeing Orders & Deliveries website.
"We continue to build the foundation of our growing commercial lease fleet with these Next-Generation 737s, 777-300ERs and 787 Dreamliners," said Steven F. Udvar-Hazy, chairman and CEO of Air Lease Corporation. "These modern, fuel-efficient airplanes will provide our airline clients the capabilities to perform their missions in the most economical, reliable and environmentally responsible manner."
The Next-Generation 737 family is the world's best-selling airplane because of its ability to deliver outstanding, dependable operational and financial performance across the widest wide range of missions.
The 777-300ER extends the 777 family's span of capabilities carrying 365 passengers up to 7,930 nautical miles (14,685 km). The 787-9 will seat 250-290 passengers, 16 percent more than the 787-8, with a range of 8,000 to 8,500 nautical miles (14,800 to 15,750 km).
"Air Lease Corporation's management team has a proven track record in global airplane leasing," said President and CEO Jim Albaugh, Boeing Commercial Airplanes. "This agreement demonstrates their disciplined approach to building a fleet of young, high-quality, high-demand airplanes. It is impressive how Air Lease Corporation has positioned itself for success since starting business early last year."
About Air Lease Corporation (NYSE: AL)
Launched in 2010, ALC is an aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline partners worldwide through customized aircraft leasing and financing solutions. For more information, visit ALC's website at www.airleasecorp.com.
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Boeing, Qatar Airways Announce Order for Six 777-300ERs
LE BOURGET, France, June 20, 2011 /PRNewswire/ -- Boeing (NYSE: BA) and Qatar Airways today announced an order for six Boeing 777-300ERs (Extended Range) airplanes at the international 2011 Paris Air Show. The order is valued at $ 1.7 billion at list prices.
As one of the fastest growing airlines in the world, Qatar Airways currently operates 25 Boeing airplanes: eight ultra-long range 777-200LRs (Long Range), 15 777-300ERs and two long-range 777 Freighters.
"We are expanding our international network rapidly and adding new routes and destinations that will extend Qatar Airways' reach across the globe, especially as we aim to open up more non-stop routes to popular and under-served cities around the world," said Akbar Al Baker, Qatar Airways' CEO. "We currently have 25 Boeing 777s in our fleet and its payload and range capability, reliability and economics have made this aircraft the backbone of our long-haul fleet."
"We are extremely pleased to be playing a role in the growth and success of Qatar Airways," said Jim Albaugh, president and chief executive officer, Commercial Airplanes Boeing Commercial Airplanes. "And we are grateful for the confidence and trust that Qatar Airways continues to place in Boeing – and in the 777."
In November 2007, Qatar Airways took delivery of the first of a 32 Boeing 777 order. Exercise of options subsequently increased the order to 40 aircraft of which 15 are pending delivery.
The Boeing 777 family is a complete family of jetliners that is preferred by passengers and airlines around the world. The market-leading 777 family has the ability to fly point-to-point nonstop to bypass crowded and busy hub airports.
This order was previously accounted for on Boeing's Orders and Deliveries website as unidentified in 2011.
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Boeing Signs Orders and Commitments for 17 747-8 Intercontinentals
LE BOURGET, France, June 20, 2011 /PRNewswire/ -- The Boeing Company [NYSE: BA] today announced orders and commitments for 17 747-8 Intercontinentals. Placed by two undisclosed customers, the combined deals are valued at $5.4 billion at list prices. One carrier has committed to 15 of the new passenger version of the 747-8 while another carrier placed an order for two.
"These orders for the 747-8 Intercontinental mark a major milestone for the program and demonstrate the market's need for an airplane of its size and range," said Jim Albaugh, president and CEO, Boeing Commercial Airplanes. "It will play a valuable role in further growing these carriers long-haul route networks."
The orders bring the 747-8 Intercontinental total backlog to 50 firm aircraft, plus five from a commitment from Air China contingent on Chinese Government approval. It also brings the total 747-8 backlog, including 76 747-8 Freighters, to 126.
The new 747-8 Intercontinental carries 467 passengers in a three-class configuration. The airplane features a new wing design and an upgraded flight deck. The airplane interior incorporates features from the 787 Dreamliner including a new curved, upswept architecture that will give passengers a greater sense of space and comfort, while adding more room for personal belongings. The architecture will be accentuated by lighting technology that provides smooth transitions for a more restful flight.
Using 787-technology GEnx-2B engines, the airplane will be quieter, produce lower emissions and achieve better fuel economy than any competing jetliner. The 747-8 Intercontinental is more than 10 percent lighter per seat than the Airbus A380 and consumes 11 percent less fuel per passenger. That translates into a trip-cost reduction of 21 percent and a seat-mile cost reduction of more than 6 percent compared to the A380.
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