Air France revises Boeing aircraft orders.PARIS--(BUSINESS WIRE)--May 31, 1995--Air France said it agreed to a major adjustment of its order book with the Boeing Company. Meeting in Paris today, the airline's board of directors cited the need to reduce new aircraft orders to reflect revamped flight schedules and improved utilization achieved through a major restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). program. In 1995 and 1996, the company was to receive three long-range 767-300ERs, three medium-range 737-500s and one 747-400 freighter (the freighter was originally scheduled for delivery at the end of 1993). The new agreement replaces all current firm orders with an order for seven 767-300ERs and eight 737-500s, for delivery between the beginning of 1999 and March 2001. In addition, Air France Air France in full Compagnie Internationale Air France French passenger and cargo airline with more than 200 destinations in some 80 countries. It introduced supersonic Concorde service in 1976, but financial loss led the company to cease its Concorde can substitute other Boeing aircraft for the 737s and 767s if warranted by the company's recovery. Also, Boeing will handle resale resale n. selling again, particularly at retail. In many states a "resale license" or "resale number" is required so that the state can monitor the collection of sales tax on retail sales. RESALE. to a third party of one 767-300 delivered in 1994 but not placed in service, and Air France will release all unexercised options. Thus, between 1994 and 1996, only two 737-500s will have joined the fleet (both at the beginning of '94). Air France said it will avoid any penalty payments by taking delivery of the new orders by March 2001. Chairman Christian Blanc Christian Blanc (b. 17 May 1942) is a French politician. He was a member of the Saint-Simon Foundation think-tank. Blanc was elected to the National Assembly to represent the third district of Yvelines on 15th December 2002, replacing Anne-Marie Idrac, who had stood down to said the company appreciated Boeing's show of cooperation and willingness to assist Air France in adapting its near-term orders to ongoing restructuring efforts. The company will continue negotiations with Boeing as well as Airbus to attain higher levels of fleet commonality com·mon·al·i·ty n. pl. com·mon·al·i·ties 1. a. The possession, along with another or others, of a certain attribute or set of attributes: a political movement's commonality of purpose. and efficiency over the longer term. CONTACT: Air France, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Bruce Haxthausen, 212/830-4482 |
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