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Boeing, EL AL sign 787 Dreamliner order.

M2 EQUITYBITES-October 30, 2015-Boeing, EL AL sign 787 Dreamliner order


Boeing (NYSE: BA) and EL AL Israel Airlines said they have agreed on an order for up to nine 787 Dreamliners, valued at more than USD2.2 billion at current list prices.

Three of the orders will be added to Boeing's Orders & Deliveries website on Nov. 5 and the remainder will be posted as further contractual requirements are finalized.

EL AL will also lease six additional 787s from independent leasing companies as the Israeli-flag carrier looks to replace and grow its existing long-haul fleet, increasing capacity and providing greater route flexibility to and from its hub at Ben Gurion Airport, Tel Aviv.

EL AL has been an all-Boeing carrier since taking delivery of its first Boeing airplane in 1961 and currently operates a fleet of 22 737s, seven 747s, seven 767s and six 777s.

The 787 is a family of technologically advanced, super-efficient airplanes with new passenger-pleasing features.

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Publication:M2 EquityBites (EQB)
Date:Oct 30, 2015
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