Alaska Airlines orders Boeing 737-400s.SEATTLE--(BUSINESS WIRE)--Sept. 19, 1996--Alaska Airlines today announced an order for 12 Boeing (language) BOEING - An early system on the IBM 1130. [Listed in CACM 2(5):16, May 1959]. 737-400 aircraft along with an option to acquire up to 12 more. The value of the order, based on the manufacturer's list price, is about $540 million. "This order moves us one step closer toward fleet simplification without relinquishing re·lin·quish tr.v. re·lin·quished, re·lin·quish·ing, re·lin·quish·es 1. To retire from; give up or abandon. 2. To put aside or desist from (something practiced, professed, or intended). 3. our flexibility regarding future fleet decisions," said John F. Kelly, chairman, president and chief executive officer. "Moreover, we'll be replacing aircraft on a one-for-one basis, making the youngest fleet of any major carrier in the U.S. that much younger." Alaska's current fleet is 7.5 years old. Kelly said delivery of the 12 new B737-400s will be phased in over the next three years, with the first new plane scheduled to enter the fleet in June 1997. The new planes will replace 12 older McDonnell Douglas McDonnell Douglas was a major American aerospace manufacturer and defense contractor, producing a number of famous commercial and military aircraft. It merged with Boeing in 1997 to form The Boeing Company. MD-80s. Under provisions of the agreement, Kelly also said that Alaska may substitute some or all of its options for the newest derivatives derivatives In finance, contracts whose value is derived from another asset, which can include stocks, bonds, currencies, interest rates, commodities, and related indexes. Purchasers of derivatives are essentially wagering on the future performance of that asset. of the Boeing 737 -- the B737-600, 700 and 800 aircraft. The Boeing 737-400 is a mid-range twin-jet, configured con·fig·ure tr.v. con·fig·ured, con·fig·ur·ing, con·fig·ures To design, arrange, set up, or shape with a view to specific applications or uses: in 140 seats and two classes for Alaska. It is one of the most advanced commercial aircraft in its class, earning high marks for fuel efficiency and low noise. The aircraft also has outstanding cargo capacity, which is important for the carrier's operations in the state of Alaska, Kelly said. The airline presently operates 75 airplanes, including 25 Boeing 737-400s, 42 McDonnell Douglas MD-80s and eight Boeing 737-200Cs. The B737-200Cs are specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. passenger/cargo combination airplanes used almost exclusively for service to, from and within the state of Alaska. Seattle-based Alaska Airlines Alaska Airlines, (NYSE: ALK) is an airline based in Seattle, Washington, United States. It operates hubs at Seattle-Tacoma International Airport, Ted Stevens Anchorage International Airport, Los Angeles International Airport, and Portland International Airport. and its sister carrier Horizon Air serve more than 70 cities in Alaska, Canada, Mexico, Russia and seven Western states. CONTACT: Alaska Airlines Lou Cancelmi, 206/433-3170 |
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