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Boeing makes $3.2 billion sale

Post by John Gillie / The News Tribune on March 1, 2013 at 4:05 pm with No Comments »
March 1, 2013 4:05 pm

A major American aircraft leasing company, Air Lease Corp., today announced orders for 10 of Boeing’s popular 777-300ER airliners worth some $3.2 billion at list prices.

The leasing company had previously ordered five of the twin-engine, long-range jets in August of 2011.

Those planes will be assembled in Boeing’s Everett plant.

Boeing has raised its production rate for the planes to keep pace with orders.  The aircraft carries between 300 and 400 passengers depending on its seating configuration.

The order comes as Boeing is contemplating announcing a new version of the 777 tentatively called the 777X, that will be more fuel efficient and which will carry more passengers.

Some Boeing customers such as Emirates Airways, are pushing Boeing to start offering the new plane, but others such as ALC are urging Boeing to hold back until new technology can deliver a big bump in fuel economy.

Boeing has said it is considering adding new engines and a new wing to the stretched fuselage of the 777X.  The first of the new generation of 777s probably wouldn’t be delivered until about 2020.

ALC and Boeing didn’t say when the aircraft ordered today would be delivered.

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