SEATTLE, Jan. 21, 2008 -- Boeing [NYSE: BA] and Bahrain's national carrier Gulf Air today finalized negotiations for up to 24 Boeing 787 Dreamliners in a deal that could be worth approximately $3.9 billion at list prices if all options are exercised. The agreement is for 16 787s on direct order with purchase rights for eight additional 787s.
"Gulf Air has been a premier carrier in the Middle East for more than half a century," said Marty Bentrott, Boeing Commercial Airplanes vice president of Sales for The Middle East and Africa. "We look forward to helping Gulf Air revitalize its fleet through the superior economics and passenger comfort that the Dreamliner will bring."
Throughout 2007, Gulf Air and Boeing conducted an extensive airplane acquisition analysis that explored the unmatched strengths of the 787. With the best fuel burn in its class, lower maintenance costs due to the 787's revolutionary composite structure, and interior features and comfort that add to the Dreamliner's marketability, the 787 has been validated by airlines across the globe. The 787 is the fastest-selling new airplane program in history with a total of 857 orders from 56 customers since launch in 2004.
"As the cornerstone of our fleet, the 787 will help re-establish Gulf Air's predominance within The Gulf," said Gulf Air Chief Executive Officer Bjorn Naf. "Our goal is to increase the airline's efficiency and profitability, and we have selected the 787 to be the core of our fleet for the next generation to meet both our passengers' and our stakeholders' expectations."
In addition to bringing big-jet range to mid-size airplanes, the 787 provides unmatched fuel efficiency and will use 20 percent less fuel for comparable missions than today's similarly sized airplane. The Dreamliner travels at speeds similar to today's fastest wide-bodies, Mach 0.85, and also allows airlines greater cargo revenue capacity. Passenger improvements on the 787 include larger windows, an interior environment with higher humidity and overall increased comfort and convenience.
"We are committed to Gulf Air's success," said Mahmood Kooheji, Gulf Air's Board Chairman. "In choosing the 787, we are confident that we've made the very best choice for the long-term success of the airline."
"Gulf Air has been a premier carrier in the Middle East for more than half a century," said Marty Bentrott, Boeing Commercial Airplanes vice president of Sales for The Middle East and Africa. "We look forward to helping Gulf Air revitalize its fleet through the superior economics and passenger comfort that the Dreamliner will bring."
Throughout 2007, Gulf Air and Boeing conducted an extensive airplane acquisition analysis that explored the unmatched strengths of the 787. With the best fuel burn in its class, lower maintenance costs due to the 787's revolutionary composite structure, and interior features and comfort that add to the Dreamliner's marketability, the 787 has been validated by airlines across the globe. The 787 is the fastest-selling new airplane program in history with a total of 857 orders from 56 customers since launch in 2004.
"As the cornerstone of our fleet, the 787 will help re-establish Gulf Air's predominance within The Gulf," said Gulf Air Chief Executive Officer Bjorn Naf. "Our goal is to increase the airline's efficiency and profitability, and we have selected the 787 to be the core of our fleet for the next generation to meet both our passengers' and our stakeholders' expectations."
In addition to bringing big-jet range to mid-size airplanes, the 787 provides unmatched fuel efficiency and will use 20 percent less fuel for comparable missions than today's similarly sized airplane. The Dreamliner travels at speeds similar to today's fastest wide-bodies, Mach 0.85, and also allows airlines greater cargo revenue capacity. Passenger improvements on the 787 include larger windows, an interior environment with higher humidity and overall increased comfort and convenience.
"We are committed to Gulf Air's success," said Mahmood Kooheji, Gulf Air's Board Chairman. "In choosing the 787, we are confident that we've made the very best choice for the long-term success of the airline."
SEATTLE, Jan. 17, 2008 -- Boeing [NYSE: BA] and Geneva-based PrivatAir today announced an order for one Boeing 787-8 VIP airplane, a purchase-right exercise from PrivatAir's initial 787 order in 2006. Today's order is valued at $162 million . Through this agreement, PrivatAir has two 787s on order and has secured an additional purchase right."The ever-increasing demand from charter customers for long-range, large-cabin aircraft shows no sign of abating, and PrivatAir is strategically placed to provide its customers with the widest range of travel options," said Greg Thomas, CEO of PrivatAir. "This latest order will further expand the capabilities of PrivatAir's fleet, enabling our passengers to travel further, faster and in greater comfort."
Since launching the 787 program in 2004, Boeing has secured 841 orders from 55 customers, including a record-breaking 369 orders in 2007.
"PrivatAir clearly recognizes the outstanding potential of the 787 VIP jet for business and private jet operations, both from an economic viewpoint as well as passenger luxuries," said Marlin Dailey, vice president of Sales, Europe, Russia & Central Asia, Boeing Commercial Airplanes. "The 787 VIP airplane provides PrivatAir the opportunity to raise the bar even higher."
PrivatAir is a leading international business aviation group with headquarters in Geneva; operating bases in Dusseldorf, Hamburg and Munich, Germany; in Zurich, Switzerland; and through its U.S. subsidiary PrivatAir Inc. The company employs 540 people and manages a fleet of some 50 aircraft with a turnover exceeding $200 million.
SEATTLE, Jan. 14, 2008 -- Boeing [NYSE: BA] and Continental Airlines [NYSE:CAL] today celebrated the delivery of the airline's first Next-Generation 737-900ER (Extended Range) airplane. With this delivery, Continental becomes the first airline in the Americas to operate the 737-900ER, a higher-capacity, longer-range derivative and newest member of the Next-Generation 737 airplane family.
Continental was the first airline in the Americas to order the 737-900ER and currently has 26 more on order. Continental this year expects to take delivery of an average of two-to-three new Next-Generation 737s per month, which includes a mix of 737-900ERs and 737-800s. The airplanes are part of Continental's comprehensive fleet strategy, which focuses on improving operational efficiency and customer comfort.
"Continental's new 737-900ER will have among the lowest operating costs in the industry and allows us to build upon our efficient Boeing Next-Generation 737 fleet," said Larry Kellner, chairman and chief executive officer of Continental Airlines. "These aircraft are part of our continued focus on fleet modernization, fuel efficiency and delivering the best product in the business."
"With more range, outstanding reliability and the best operating economics of any single-aisle jet in its class, the Boeing 737-900ER is an ideal fit for Continental's growth plans," said John Wojick, vice president of Sales, Boeing Commercial Airplanes. "These state-of-the-art Boeing airplanes certainly will contribute to Continental's continued success."
Continental's 737-900ER is configured with 173 seats in a two-class layout, with 20 first-class and 153 economy-class seats. All of the airplanes are equipped with performance-enhancing Blended Winglets, which improve fuel efficiency and reduce CO2 emissions by up to 4 percent. In the past 10 years, Continental has recorded a 35-percent improvement in fuel efficiency, mainly as a result of fleet modernization.
Launched in 2005, the 737-900ER increases the capability of the Next-Generation 737 by carrying more passengers and flying farther. The 737-900ER incorporates a new pair of exit doors and a flat, rear-pressure bulkhead that allow a maximum capacity of 220 passengers in a single-class layout. Aerodynamic and structural design changes allow the 737-900ER to accommodate higher takeoff weights and increase its range up to 3,175 nautical miles (5,885 km).
To date, eight customers have placed orders for 169 Next-Generation 737-900ERs. The 737 is the best-selling commercial jetliner in history, with more than 7,600 orders to more than 245 customers around the world. Boeing has more than 2,000 unfilled orders for the airplane with a value exceeding $145 billion at current list prices.
Continental was the first airline in the Americas to order the 737-900ER and currently has 26 more on order. Continental this year expects to take delivery of an average of two-to-three new Next-Generation 737s per month, which includes a mix of 737-900ERs and 737-800s. The airplanes are part of Continental's comprehensive fleet strategy, which focuses on improving operational efficiency and customer comfort.
"Continental's new 737-900ER will have among the lowest operating costs in the industry and allows us to build upon our efficient Boeing Next-Generation 737 fleet," said Larry Kellner, chairman and chief executive officer of Continental Airlines. "These aircraft are part of our continued focus on fleet modernization, fuel efficiency and delivering the best product in the business."
"With more range, outstanding reliability and the best operating economics of any single-aisle jet in its class, the Boeing 737-900ER is an ideal fit for Continental's growth plans," said John Wojick, vice president of Sales, Boeing Commercial Airplanes. "These state-of-the-art Boeing airplanes certainly will contribute to Continental's continued success."
Continental's 737-900ER is configured with 173 seats in a two-class layout, with 20 first-class and 153 economy-class seats. All of the airplanes are equipped with performance-enhancing Blended Winglets, which improve fuel efficiency and reduce CO2 emissions by up to 4 percent. In the past 10 years, Continental has recorded a 35-percent improvement in fuel efficiency, mainly as a result of fleet modernization.
Launched in 2005, the 737-900ER increases the capability of the Next-Generation 737 by carrying more passengers and flying farther. The 737-900ER incorporates a new pair of exit doors and a flat, rear-pressure bulkhead that allow a maximum capacity of 220 passengers in a single-class layout. Aerodynamic and structural design changes allow the 737-900ER to accommodate higher takeoff weights and increase its range up to 3,175 nautical miles (5,885 km).
To date, eight customers have placed orders for 169 Next-Generation 737-900ERs. The 737 is the best-selling commercial jetliner in history, with more than 7,600 orders to more than 245 customers around the world. Boeing has more than 2,000 unfilled orders for the airplane with a value exceeding $145 billion at current list prices.
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