Printer Friendly

INTERNATIONAL LEASE FINANCE ORDERS 53 BOEING JETLINERS

 SEATTLE, Dec. 15 /PRNewswire/ -- Demonstrating confidence in the future of the air travel industry, International Lease Finance Corp. (ILFC) today ordered 53 Boeing jetliners with a value of about $3.6 billion at 1992 prices.
 The Boeing Commercial Airplane Group confirmed the large order, which specifies deliveries will begin in 1994. This is the major portion of a larger order by ILFC that included aircraft from other manufacturers.
 Today's announcement includes six Boeing 777s, world's largest and most advanced twin-engined airplane, three 747-400s, 19 fuel-efficent 757s, 15 model 737s and 10 wide-body 767s. The 737s will be a mixture of -300, -400 and -500 models and will bring the ILFC fleet of new 737s purchased from Boeing to 180 when all firm airplanes are delivered. The new 737s all will be powered by CFM56-3C egines, which is standard for the model, and ILFC said it has chosen the GE90 for the 777.
 Eighteen of these new orders are converted options. ILFC also added 17 new options, bringing total options it now holds for various types to 47. The new options consist of five 737s, five 757s, five 767s and two 777s.
 This is the first order by a leasing company for Boeing's newest jetliner, the long-range 777, and brings total orders for the type to 112 from 10 customers.
 ILFC is a major lessor and financier of jet transports, headquartered in Los Angeles. A Boeing customer since December 1977, ILFC has now ordered 291 new Boeing jetliners.
 Steven Udvar-Hazy, ILFC president, said he hoped the orders "will be a sparkplug to return confidence to the airline industry." He said, "I believe the Boeing 777 will become a major part of many airlines' long- range fleets, and we want to be in a position to lease them to airlines who elect not to purchase them outright."
 Dean Thornton, president of Boeing Commercial Airplane Group, called the announcement "refreshing news for an otherwise nervous industry" and said the order gives validity to Boeing's often-spoken optimism for the long-range outlook. He said, "ILFC is made up of very savvy, intelligent folks who always have been excellent market timers. We appreciate their confidence in Boeing products and confidence in an improving aviation industry."
 ILFC, which has taken delivery of 128 new Boeing jetliners to date, has 110 Boeing jetliners previously on order. Today's announcement brings its unfilled announced orders to 163 aircraft. Of these, 88 are 737s of various series, seven are 747-400s, 38 are 757-200s, 24 are 767-300ERs and six are 777s.
 During 1992, Boeing has announced orders for 229 jetliners with a total value of about $16.7 billion. The breakdown by airplane model is 106 - 737s, 28 - 747s, 38 - 757s, 21 - 767s and 36 - 777s.
 -0- 12/15/92
 /CONTACT: Tom Cole of Boeing Commercial Airplane Group,


206-237-5445/
 (BA)


CO: Boeing Commercial Airplane Group; International Lease Finance Corp. ST: Washington, California IN: AIR SU:

KD-JH -- SE004 -- 7147 12/15/92 11:18 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 15, 1992
Words:492
Previous Article:Z/COM WINS COLLATERAL AND DIRECT MAIL CONTRACT FOR LEADING MANAGEMENT AND TRAINING CONSULTING FIRM
Next Article:NDC HEALTHCARE CLAIMS PASS ONE-MILLION-A-DAY MARK
Topics:


Related Articles
BOEING TO DELIVER 100TH JETLINER TO PEOPLE'S REPUBLIC OF CHINA
INTERNATIONAL LEASE FINANCE TAKES 100TH NEW BOEING 737
ILFC TO ORDER FIVE NEW BOEING JETLINERS
ILFC ORDERS EVEN MORE BOEING JETLINERS
ILFC ORDERS FOUR BOEING 767-300ERS
ILFC ORDERS 54 BOEING 737s
ILFC ORDERS 18 MORE BOEING 777s
BOEING CONFIRMS 777 ORDER FROM KUWAIT AIRWAYS
Wuhan Airlines Takes Delivery of Boeing 737-300
Aeroflot Takes to the Skies With Russia's First Boeing 777

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters