Boeing [NYSE: BA] and United Airlines [NYSE: UAL] today announced an agreement at the 2017 Paris Air Show to convert 100 of its current 737 MAX orders into 737 MAX 10s, becoming the largest single 737 MAX 10 customer in the world. United also announced an order for four additional 777-300ER aircraft.
Boeing, UPS Announce Agreement for 767 Passenger to Freighter Conversions
Boeing, TUI Group Announce Selection of 18 737 MAX 10s
TUI Group is the first European operator to select the 737 MAX 10
737 MAX 10 is largest member of 737 family and is the most profitable single-aisle airplane
Aircraft offers substantial fuel efficiency and incorporates the latest technology
LE BOURGET, France, June 19, 2017 /PRNewswire/ -- Boeing (NYSE: BA) and TUI Group, the world's number one tourism business, today announced its selection of 18 737 MAX 10s at the 2017 Paris Air Show. TUI Group already had 70 unfilled orders for the 737 MAX and will convert 18 of these existing orders to the 737 MAX 10. The leisure group is the first European operator to select the latest member of the 737 MAX family of airplanes.
"Being the first to fly the new larger 737 MAX 10 in Europe means we'll be able to take more customers on holiday in the most advanced, most comfortable and most fuel efficient aircraft," said David Burling, Member of the Executive Board and responsible for TUI Group Airlines. "The continued modernization of our fleet and the delivery of the new 737 MAX, now including the 737 MAX 10, will support the delivery of TUI's commitment to reducing the carbon intensity of our operations."
TUI Group aims to operate Europe's most carbon efficient airlines and has committed to reduce the carbon intensity of its operations by a further 10 percent by 2020.
The 737 MAX 10 is the largest member of the 737 airplane family, the world's best-selling jetliner family.
The MAX 10 will be the most profitable single-aisle airplane, offering the lowest seat-mile cost ever in a commercial aircraft. The 737 MAX 10 has more range than today's Next-Generation 737s and substantial fuel efficiency and economic advantages over heavier competing models, including five percent lower trip cost and five percent lower seat-mile cost.
"The 737 MAX 10 will provide TUI with the lowest seat costs of any single-aisle airplane in operation today," said Ihssane Mounir, senior vice president of Global Sales & Marketing, Boeing Commercial Airplanes. "We are honored that TUI Group is the first European customer to select the 737 MAX 10 and are confident it will play an integral part in its continued success."
Like Boeing's other 737 MAX models, the MAX 10 incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets, Boeing Sky Interior, large flight deck displays, and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.
Along with the 737 MAX, TUI Group has unfilled orders for four 787-9 Dreamliners. The Group also has 50 options for the 737 MAX and has converted 10 of these to the 737 MAX 10. The Group will take delivery of its first 737 MAX aircraft in January 2018.
TUI Group is the first European operator to select the 737 MAX 10
737 MAX 10 is largest member of 737 family and is the most profitable single-aisle airplane
Aircraft offers substantial fuel efficiency and incorporates the latest technology
LE BOURGET, France, June 19, 2017 /PRNewswire/ -- Boeing (NYSE: BA) and TUI Group, the world's number one tourism business, today announced its selection of 18 737 MAX 10s at the 2017 Paris Air Show. TUI Group already had 70 unfilled orders for the 737 MAX and will convert 18 of these existing orders to the 737 MAX 10. The leisure group is the first European operator to select the latest member of the 737 MAX family of airplanes.
"Being the first to fly the new larger 737 MAX 10 in Europe means we'll be able to take more customers on holiday in the most advanced, most comfortable and most fuel efficient aircraft," said David Burling, Member of the Executive Board and responsible for TUI Group Airlines. "The continued modernization of our fleet and the delivery of the new 737 MAX, now including the 737 MAX 10, will support the delivery of TUI's commitment to reducing the carbon intensity of our operations."
TUI Group aims to operate Europe's most carbon efficient airlines and has committed to reduce the carbon intensity of its operations by a further 10 percent by 2020.
The 737 MAX 10 is the largest member of the 737 airplane family, the world's best-selling jetliner family.
The MAX 10 will be the most profitable single-aisle airplane, offering the lowest seat-mile cost ever in a commercial aircraft. The 737 MAX 10 has more range than today's Next-Generation 737s and substantial fuel efficiency and economic advantages over heavier competing models, including five percent lower trip cost and five percent lower seat-mile cost.
"The 737 MAX 10 will provide TUI with the lowest seat costs of any single-aisle airplane in operation today," said Ihssane Mounir, senior vice president of Global Sales & Marketing, Boeing Commercial Airplanes. "We are honored that TUI Group is the first European customer to select the 737 MAX 10 and are confident it will play an integral part in its continued success."
Like Boeing's other 737 MAX models, the MAX 10 incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets, Boeing Sky Interior, large flight deck displays, and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.
Along with the 737 MAX, TUI Group has unfilled orders for four 787-9 Dreamliners. The Group also has 50 options for the 737 MAX and has converted 10 of these to the 737 MAX 10. The Group will take delivery of its first 737 MAX aircraft in January 2018.
LE BOURGET, France, June 19, 2017 /PRNewswire/ -- Boeing [NYSE: BA] and UPS [NYSE: UPS] announced an order at the 2017 Paris Air Show today to convert three 767 passenger airplanes into Boeing Converted Freighters.
"The purchase and conversion of these 767s is a perfect example of how UPS is making smart investments to fuel profitable growth," said UPS Airlines President Brendan Canavan. "This extension of our relationship with Boeing will help expand the safe, reliable and on-time services we provide for our customers all over the world."
UPS and Boeing have collaborated on airlift since 1981, when UPS purchased its first 727s to begin its Next Day Air operation, and the transportation giant was Boeing's launch customer for the 767 freighter in 1995.
Through its freighter conversion program, Boeing transitions passenger airplanes into freighters, extending the economic life of the airplane.
"It's a privilege for us to supply and support UPS with Boeing Converted Freighters," said Stan Deal, president and CEO, Boeing Global Services. "With more than 40 years of experience in passenger-to-freighter conversions, Boeing has a deep understanding of the needs of the air cargo industry. This order is an endorsement of the value of that knowledge and the customer service experience we provide."
Boeing's current market outlook forecasts a need for 400 widebody conversions over the next two decades, with strong demand for 767 freighter conversions due to a rise in e-commerce and the express market.
UPS is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide.
UPS operates 184 Boeing aircraft. In October, 2016 UPS announced the purchase of 14 747-8 Freighters, with options to purchase 14 additional aircraft.
Boeing is a leader in providing 24/7 support and service to the global aviation industry. In addition to designing freighter conversions, Boeing offers the industry's largest portfolio of services including interior modifications, aftermarket parts, subscription-based maintenance programs, engineering support, crew training, route planning, digital crew scheduling, advanced data analytics and software to enhance airlines and leasing company operations.
LE BOURGET, France, June 19, 2017 /PRNewswire/ -- Boeing [NYSE:BA] and BOC Aviation Limited [HKEx: 2588] announced a memorandum of understanding for 10 737 MAX 10 airplanes, subject to internal approvals, today at the 2017 Paris Air Show. The announcement is valued at approximately $1.25 billion at list prices and will be posted to the Boeing Orders and Deliveries website once finalized.
BOC Aviation is one of the first aircraft operating leasing companies to order the newest member of the 737 MAX family. The company has committed to more than 300 Boeing aircraft since establishment, it took delivery of its 200th Boeing airplane in March 2017 and has an additional 74 737 MAXs on order.
"BOC Aviation and Boeing have been partners for more than 20 years, providing the very best airplanes to their customers around the world and the 737 MAX 10, with its lowest seat costs of any single-aisle airplane, will continue this tradition," said Ihssane Mounir, senior vice president, Global Sales and Marketing, Boeing Commercial Airplanes. "We are honored that BOC Aviation has again placed its confidence in Boeing and the 737 MAX family."
The 737 MAX 10 will be the most profitable single-aisle airplane, offering the lowest seat costs ever. The entire 737 MAX family has been designed to offer customers exceptional performance, flexibility and efficiency, with lower per-seat costs and an extended range that will open up new destinations in the single-aisle market.
Like Boeing's other 737 MAX models, the MAX 10 incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.
The 737 MAX is the fastest-selling airplane in Boeing history.
Bombardier Commercial Aircraft announced today, from the International Paris Air Show, that it has signed an agreement with Philippine Airlines, Inc. for the exercise of its seven Q400 aircraft purchase rights. This latest rights exercise brings Philippine Airlines’ total firm order to twelve Q400 aircraft. The original order for five firm Q400 with purchase rights for an additional seven was previously announced on December 8, 2016.
Based on the list price of the Q400 aircraft, the firm order is valued at approximately US $ 235 million.
“The Q400 aircraft have helped airlines around the world expand their networks, and capture new opportunities” said Fred Cromer, President, Bombardier Commercial Aircraft. “We are delighted that Philippine Airlines is growing its fleet with more Q400 aircraft, and are confident that the airline will benefit from the aircraft’s outstanding economics and performance.”
“As we position ourselves for growth, we are pleased to be adding more Q400 to our fleet,” said Jaime J. Bautista, President & Chief Operating Officer, Philippine Airlines. “We are thrilled about the opportunities that lie ahead, and we look forward to offering more capacity and improving connectivity in the region with comfortable, fast and efficient regional aircraft like Bombardier’s 86-seat turboprops.”
The flag carrier of the Philippines is expected to take delivery of the world’s first dual-class, 86-seat Q400 aircraft in July 2017.
Including this latest order, Bombardier has now recorded a total of 585 Q400 aircraft on firm order.
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