FARNBOROUGH, United Kingdom, July 16, 2018 /PRNewswire/ -- Boeing [NYSE: BA] and DHL today announced that the leading international express carrier has placed an order and commitment for 14 Boeing 777 Freighters, and purchase rights for 7 additional freighters.
The $4.7 billion order agreement, at current list prices, was unveiled at the opening of the 2018 Farnborough International Airshow. A portion of the order was previously unidentified on Boeing's Orders & Deliveries website. When the full order is finalized, it will also appear on the website.
"We are delighted to announce the acquisition of 14 new 777 Freighters as we renew part of our long-haul fleet with this best-in-class fuel efficient freighter type that will make a significant step towards DHL's zero emissions target by 2050," said Charlie Dobbie, Executive President of Global Network Operations & Aviation.
DHL was the first express operator in 2009 to introduce the 777 to perform long-haul time critical services. The aircraft type has proven to be the most reliable large freighter connecting the major markets across the globe, bolstering service quality for DHL's express customers. The new order will double the size of DHL's global 777 fleet, allowing more markets and customers to benefit from the uniquely capable aircraft.
"The 777 Freighter is an airplane perfectly suited to DHL's needs, offering an outstanding payload capability, with incredible range to service its extensive intercontinental network and unmatched reliability," said Boeing Commercial Airplanes President & CEO Kevin McAllister.
Global air freight demand grew by nearly ten percent last year with demand growth outpacing capacity growth by a factor of three. Expanding cross-border e-commerce sales for instance will grow to $4.48 trillion by 2021, which means a growth of 19.2 per cent per year. DHL's investment in the 777 Freighters is a direct answer to the growing demand for global express capacity.
As the largest twin-engine cargo airplane in the world, the Boeing 777 Freighter is capable of flying 4,900 nautical miles (9,070 kilometers) with a cargo load of 102 tons.
Boeing, Jackson Square Aviation Announce Order for 30 737 MAXs
Aircraft lessor reaches major milestone, placing its first direct order from a jet maker
Jackson Square Aviation becomes 100th customer of 737 MAX program with order valued at $3.5 billion
FARNBOROUGH, United Kingdom, July 16, 2018 /PRNewswire/ -- Boeing [NYSE: BA] and Jackson Square Aviation (JSA) announced the leasing company has ordered 30 737 MAX airplanes in its first direct purchase from a jet maker, reflecting the evolution of the airplane lessor's business and its confidence in the market for 737 MAXs.
The two companies unveiled the $3.5 billion deal – per current list prices – during a signing ceremony at the 2018 Farnborough International Airshow. The order, previously unidentified on Boeing's Orders & Deliveries website, represents the 100th customer for the 737 MAX program.
"Today's order is an exciting moment in the history of Jackson Square Aviation," said Toby Bright, JSA's chief executive officer. "We are excited to become even more of a full-service partner for our airline customers by expanding our fleet of 737 MAX airplanes as global demand for narrow-body jets continues to rise. The MAX is quickly becoming an important part of our portfolio and we look forward to offering this modern, fuel-efficient and reliable aircraft to airlines around the world. We have carefully evaluated how speculative orders can enhance our long-term business model, and this transaction signifies the next step in that development."
Since its founding in 2010, San Francisco-based Jackson Square Aviation has grown steadily by buying new technology airplanes from airlines globally through sale-leaseback financing and pre-delivery payment financing agreements. The stable model has served JSA well as it has built a portfolio of more than 180 jets with long and balanced lease terms placed with 49 customers in 27 countries.
"We are proud to support this important transaction between Jackson Square Aviation and Boeing," said Naoki Sato, the managing executive officer of Mitsubishi UFJ Lease & Finance Company (MUL) and the chairman of Jackson Square Aviation. "This order reflects our strong confidence in the continued growth of the aviation sector and in the leadership of JSA."
"Jackson Square Aviation has reached significant heights since its founding, having financed more than 100 Boeing airplanes. We are proud to have been their partner and we are extremely honored that JSA has chosen to expand its business on the wings of the 737 MAX," said Ihssane Mounir, senior vice president, Commercial Sales & Marketing for The Boeing Company. "The 737 MAX is the best airplane in the single-aisle segment. It will provide Jackson Square Aviation's customers with exceptional efficiency, improved range and unmatched reliability."
Jackson Square Aviation chose the 737 MAX 8, which offers 162 to 178 seats in a standard two-class configuration and flies up to 3,550 nautical miles (6,570 kilometers), while improving fuel efficiency 14 percent over its predecessor.
The 737 MAX family incorporates the latest CFM International LEAP-1B engines, Advanced Technology winglets, Boeing Sky Interior, large flight deck displays and other features 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, accumulating more than 4,600 orders from now 100 customers worldwide. For more information and feature content, visit www.boeing.com/commercial/737max.
Boeing, Qatar Airways Finalize Order for Five 777 Freighters
- Purchase reflects rising confidence in air cargo market and Boeing's industry-leading freighter family
FARNBOROUGH, United Kingdom, July 16, 2018 /PRNewswire/ -- Boeing [NYSE: BA] and Qatar Airways finalized an order for five 777 Freighters at the 2018 Farnborough International Airshow. The deal, valued at $1.7 billion at current list prices, was announced as a commitment in April.
The announcement was attended by the State of Qatar's Minister of Finance and Qatar Airways Chairman, His Excellency Ali Shareef Al Emadi.
"I am delighted to be further enhancing our cargo fleet and adding five Boeing 777 Freighter aircraft," said Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker. "In the past 15 years, Qatar Airways Cargo has grown steadily and globally, becoming the third largest in the world. We could not have achieved this success without our resilient relationship with Boeing."
Qatar Airways, one of the world's top cargo carriers, operates a fleet of 13 777 Freighters and two 747-8 Freighters. With this latest order, the airline is set to grow its Boeing Freighter fleet to more than 20 jets.
"We are proud that Qatar Airways recognizes the value of the 777 Freighter and continues to invest in this aircraft to serve its expanding freight operations," said Boeing Commercial Airplanes President & CEO Kevin McAllister. "We continue to see a resurgence in the air cargo market and we are confident that Boeing's industry-leading freighter family is well positioned to meet our customers' requirements."
Boeing has now sold 65 widebody freighters in 2018, and more than 180 widebody freighters since the start of 2014, which equates to a 98-percent share of the market. In that same time, Boeing has delivered more than 140 wide-body freighters, which translates to a 92 percent share of deliveries.
The 777 Freighter is capable of flying 4,900 nautical miles (9,070 kilometers) with a payload of 112 tons (102 metric tonnes or 102,000 kg). The airplane's long range translates into significant savings as fewer stops mean lower landing fees, less congestion, lower cargo handling costs and shorter delivery times.
Qatar Airways also uses Boeing Global Services to improve its offering for its customers. The airline uses services products such Maintenance Performance Toolbox, Airplane Health Management and flight deck solutions, all powered by Boeing AnalytX.
Dreamliners
Repeat order expands United's commitment to the Dreamliner program
787-9's superior range and efficiency to help United enhance network, open new routes
FARNBOROUGH, United Kingdom, July 16, 2018 /PRNewswire/ -- Boeing [NYSE:BA] and United Airlines announced the carrier has expanded its commitment to the 787 Dreamliner program with a repeat order for four more 787-9 airplanes. The deal, valued at about $1.1 billion per current list prices, was finalized this year and was listed as unidentified on Boeing's Orders & Deliveries website.
"These new 787 aircraft are another step in our wide-body replacement strategy, and we will continue to roll out new announcements in the future as we implement our comprehensive fleet plan," said Gerry Laderman, United's senior vice president of finance and acting chief financial officer. "The 787 allows us to provide our customers with an industry-leading on-board experience and continues to be a vital part of our fleet."
The 787-9 is the longest-range Dreamliner with the ability to fly up to 7,635 nautical miles (14,140 kilometers), while using 20 percent less fuel than older generation airplanes. In United's three-class configuration, the 787-9 seats about 250 passengers. The Chicago-based carrier also operates the smaller 787-8 and will be the North American launch customer of the larger 787-10.
United Airlines is one of the leading global carriers that have taken full advantage of the Dreamliner's superior range and fuel efficiency, having deployed the 787 on some of the longest routes such as Houston to Sydney and San Francisco to Singapore. In all, the 787 Dreamliner family has made possible more than 180 new non-stop routes.
"There is no better validation from a customer than a repeat purchase. We are delighted that a leading carrier such as United Airlines has placed yet another order for the 787 Dreamliner. Their trust and confidence in the 787 speak to the airplane's unmatched capabilities and superior value," said Ihssane Mounir, senior vice president of Commercial Sales & Marketing for The Boeing Company. "We look forward to delivering more Dreamliners to United for many years to come."
With this latest purchase, United Airlines has now ordered 55 787 Dreamliners. Nearly half of all 787 customers have placed repeat orders for the airplane.
The 787 is the fastest selling twin-aisle airplane in history with nearly 1,400 sold and more than 700 delivered to customers. Since entering service in 2011, the 787 family has flown more than 255 million passengers while saving an estimated 25 billion pounds of fuel.
Deal includes support from Boeing Global Services on current and new airplanes
FARNBOROUGH, United Kingdom, July 16, 2018 /PRNewswire/ -- Boeing [NYSE: BA] and TAROM (Romanian Air Transport), the national carrier of Romania, today announced they signed an order for five 737 MAX 8 airplanes. The $586 million order, at current list prices, was previously listed as unidentified on Boeing's Orders & Deliveries website.
"This is an exciting time for TAROM as we upgrade our fleet and build strong partnerships that will benefit all of our passengers," said Wolff Werner-Wilhelm, TAROM Airlines CEO. "The 737 MAX will provide our customers with exceptional performance, reliability and efficiency, with an extended range that will enable us to better serve our current routes and open new markets. This new acquisition represents a true statement of change for TAROM."
The 737 MAX 8 incorporates the latest CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency and reliability in the single-aisle airplane market. The jet also features the Boeing Sky Interior, which provides larger overhead bins and other comforts to elevate the passenger experience.
"We are delighted that TAROM is joining the 737 MAX family as they grow their fleet and expand their network," said Ihssane Mounir, senior vice president of Commercial Sales & Marketing for The Boeing Company. "When combined with support from our Boeing Global Services team, the MAX 8 will enable TAROM to offer a consistent and exceptional passenger experience while maximizing revenue potential at the best cost per seat in the industry."
The 737 MAX is the fastest-selling airplane in Boeing history with more than 4,600 orders from 100 customers worldwide. For more information and feature content, visit www.boeing.com/commercial/737max.
Along with the acquisition of airplanes, TAROM will purchase a landing gear exchange program from Boeing Global Services along with outfitting their Next-Generation 737 fleet with the Maintenance Performance Toolbox, an online technical documentation management solution, which helps Engineering and Maintenances crews to efficiently perform and record repairs.
- Growing lessor expands beyond sale-leaseback model with first direct Boeing airplane order
FARNBOROUGH, United Kingdom, July 16, 2018 /PRNewswire/ -- Boeing [NYSE: BA] and Goshawk Aviation Limited. announced an order for 20 737 MAX airplanes at the 2018 Farnborough International Airshow. The order, valued at $2.3 billion according to current list prices, marks the first time the aircraft lessor has purchased jets directly from Boeing.
"Placing direct order is a critical part of Goshawk's overall growth strategy and we are pleased to have finalized our order with Boeing. The 737 MAX family is one of the best-in-class, modern and in-demand narrow-body aircraft with latest technologies which fit well with our focus," said Brian Cheng, Chairman of Goshawk Aviation Limited and Executive Director of NWS Holdings Limited. "We believe the MAX's double-digit fuel efficiency improvement, combined with longer range and market-leading reliability, will strengthen our portfolio and help us continue to deliver world-class, tailored solutions to our customers."
The airplanes, previously listed as unidentified on Boeing's Orders & Deliveries website, are sold to Goshawk Aviation Limited. Goshawk is based in Dublin, Ireland, and is expected to have an owned, managed and committed fleet of over 220 airplanes, including the direct order placed with Boeing.
"We are delighted that Goshawk, with their world-class aircraft leasing team, has selected to expand their portfolio and business model with the 737 MAX. This is a great validation for our Boeing team and the 737 MAX family," said Ihssane Mounir, senior vice president, Commercial Sales & Marketing, The Boeing Company. "With rising demand for narrowbody jets, we are confident that the unmatched economics and capabilities of the 737 MAX will position Goshawk for success and growth."
Goshawk selected the MAX 8 variant. In a standard two-class configuration, the airplane carries 162 to 178 passengers and flies up to 3,550 nautical miles (6,570 kilometers). The airplane provides a 14-percent fuel efficiency gain compared to its predecessor, and 8 percent better than its competition.
The 737 MAX family achieves superior fuel efficiency and range through the latest CFM International LEAP-1B engines, Advanced Technology winglets, and other improvements. The jet also features the signature Boeing Sky Interior and large flight deck displays.
The 737 MAX is the fastest-selling airplane in Boeing history, accumulating more than 4,600 orders from over 100 customers worldwide. For more information and feature content, visit www.boeing.com/commercial/737max.
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