DTN News: Boeing, Saudi Arabian Airlines Announce Order For 12 Boeing 777-300ERs

DTN News: Boeing, Saudi Arabian Airlines Announce Order For 12 Boeing 777-300ERs

*Airline also orders eight 787 Dreamliners

Source: DTN News - - This article compiled by Roger Smith from reliable sources Boeing

(NSI News Source Info) RIYADH, Saudi Arabia - November 11, 2010: Boeing [NYSE: BA] and Saudi Arabian Airlines today announced an order for 12 Boeing 777-300ERs (extended range) airplanes, with an option for 10 more.

This order previously was attributed to an unidentified customer on Boeing's orders and deliveries website. The order is valued at $3.3 billion at average list prices.

Saudi Arabian Airlines also announced an order for eight Boeing 787 Dreamliners for its long haul fleet. The airline completed an arrangement with Boeing and Kuwait-based leasing company ALAFCO to transfer orders for the eight Dreamliners from ALAFCO to Saudi Arabian Airlines.

“Our decision to order the 777-300ER is part of a long-term growth strategy to expand and modernize our fleet with newer, more fuel-efficient airplanes, and is based on the airplane’s proven efficiencies,” said H.E. Eng. Khaled Al-Mulhim, director general of Saudi Arabian Airlines.

“We see direct benefit because of the 777-300ER’s improved fuel efficiency, seat-mile costs and the economics of operating a twin-engine airplane over long distances.”

Saudi Arabian Airlines took delivery of its first Boeing 777, a 777-200ER, in December 1997 and since then has deployed the 777 on a number of short-, medium- and long-haul routes.

Pictured here is a 777-300ER in Saudi Arabian Airlines livery.

Contact:

Saffana Michael

Boeing Commercial Airplanes, Dubai, UAE

+ 9714 2134849

Saffana.michael2@boeing.com

*This article is being posted from Toronto, Canada By DTN News ~ Defense-Technology News, contact: dtnnews@ymail.com

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