The planemaker received a $2.26 billion order from Kuwait-based Aviation Lease & Finance Co. for 18 jets including 12 Dreamliners. Boeing Co. also signed a contract to deliver as many as 10 of its 747s to Volga-Dnepr, a Russian cargo carrier, while Continental Airlines Inc. ordered five additional 787-9 jets. With today’s commitments, Chicago-based Boeing has 475 firm orders for the 787, which is scheduled to begin service in mid-2008, five years before Airbus SAS‘s competing model, the A350 XWB. Boeing may regain the lead in aircraft deliveries from Airbus, the world’s largest maker of commercial aircraft, as early as next year on surging demand for the twin-aisle, 210- to 330-seat 787.
Aviation Lease, known as Alafco, is the first Middle East customer to order the Dreamliner, Boeing said in a statement today. Six of the 787s were already booked as from an unidentified customer on Boeing’s Web site in September. The lessor also ordered six 737-800s. Volga-Dnepr agreed to buy five 747-8 cargo craft with an option for five more, the companies said in a statement prior to press conference in Moscow today, without disclosing the terms.
The catalog value of the 747-8 is about $280 million, suggesting the contract is worth at least $1.4 billion. Continental’s addition increases its total order to 25 passenger jets. The five aircraft have a list price ranging from $178.5 million to $188 million before discounts that carriers typically receive, according to Boeing’s Web site. Shares of Boeing rose 69 cents to $90.20 at 10:57 a.m. in New York Stock Exchange composite trading. Before today, they had risen 21% in the past year. (Bloomberg)
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