Author Topic: boeing - air canada  (Read 1518 times)

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Offline andreis

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boeing - air canada
« on: Monday 25 April 2005, 10:30:01 »
April 25 (Bloomberg) -- Boeing Co., the world's second- largest commercial aircraft maker, won an order valued at as much as $6.1 billion from ACE Aviation Holdings Inc.'s Air Canada unit for 32 jets that will cut the airline's fuel costs. Air Canada, the country's biggest carrier, placed firm orders for 18 Boeing 777s and 14 of the Chicago-based company's proposed 787s. Options were also placed on 18 of the 777s and 46 more of the 787s, which is scheduled to go into service in 2008, the Montreal-based airline said in a statement today.
 
The operating costs of the 787 are expected to be about one- third less than the airline's current fleet of Boeing 767 aircraft that will be replaced. ACE Aviation emerged from bankruptcy protection in September after paring debt and long- term leases by more than half. Boeing is counting on the 787 model, its first new plane in 15 years, to regain its position as the world's biggest commercial plane maker from Airbus SAS. Boeing said on April 6 that it had deposits on the 787 from 250 customers.

The companies didn't disclose the value of the order. Boeing's 777-300ER, it's most expensive aircraft, has a list price of between $218 million and $$245.5 million. The 787 costs $120 million, Boeing spokeswoman Yvonne Leach said. List prices do not include discounts usually given to airline customers. Air Canada will take delivery of the first 777 in 2006 and the first 787 in 2010. The airline plans to dispose of more than 60 existing aircraft over the next decade. The sale of older 767's will help pay for the new planes, the airline said.
The sale will be completed by the middle of the year, Boeing said.
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