Boeing gets $1.3 bln order from Ethiopian – Reuters (SEATTLE)

July 28th, 2009 Print Print Email Email

Boeing Co (BA.N) announced one of its largest plane orders of the year on Tuesday as African carrier Ethiopian Airlines [ETHA.UL] agreed to buy five twin-aisle 777s worth $1.3 billion at list prices. (more…)

Boeing Co (BA.N) announced one of its largest plane orders of the year on Tuesday as African carrier Ethiopian Airlines [ETHA.UL] agreed to buy five twin-aisle 777s worth $1.3 billion at list prices.

The deal marks a high spot in a difficult year for Boeing and rival Airbus, a unit of EADS (EAD.PA), as struggling airlines hold onto cash and defer or cancel many of the planes they already have on order.

As of July 21, Boeing had 106 plane orders on its books for 2009, but also 89 cancellations, leaving a total of only 17 net orders for the year.

In 2006 — the peak of a three-year plane-buying boom — Boeing notched 1,413 net plane orders.

Ethiopian Airlines, which operates a Boeing-only fleet, will be the first African carrier to operate the 777-200 LR (long range) planes.

The aircraft will be fitted with engines made by General Electric Co (GE.N). (Reporting by Bill Rigby; Editing by Tim Dobbyn)

Comments are closed.