Boeing Takes Orders for 102 of Its Most Advanced Dreamliners

Boeing (NYSE: BA  ) has received commitments for 102 of its 787-10 Dreamliners, the company announced today at the Paris Air Show.

Those commitments come from five customers in Europe, Asia, and North America. Air Lease Corp. (NYSE: AL  ) will buy 30 of the airplanes. GE Capital Aviation Services is in line to buy 10; International Airlines Group/British Airways, 12 (subject to shareholder approval); Singapore Airlines, 30; and United Airlines (NYSE: UAL  ) , 20 planes.

Air Lease Chairman and CEO Steven F. Udvar-Hazy, whose company will also be purchasing three 787-9s from Boeing, said "Both of these airplanes possess ... the ideal size, capabilities and economical operating costs for their medium to long-haul markets."

The United Airlines commitment increases its on-order and already-delivered 787s to 65. United is the only U.S. airline to currently fly 787s. Its fleet includes six first-generation 787-8 Dreamliners.

Boeing Commercial Airplanes CEO Ray Conner says the 787-10 Dreamliner "will be the most-efficient jetliner in history ... [It] is 25 percent more efficient than airplanes of its size today and more than 10 percent better than anything being offered by the competition in the future."

The 787-10, engineered to cover up to 7,000 nautical miles, with seating for 300-330 passengers, is the third generation of the Dreamliner family, but is still on the drawing board. Flight tests for the 787-10 won't begin until 2017, and the first deliveries are not expected until 2018. The second-generation Dreamliner, the 787-9, is set to have its first flights later this year. The original 787 can seat between 210 and 250 passengers while the 787-9 will be able to seat between 250 and 290 passengers.

The new 787-10 lists at $290 million, making the deals announced today worth nearly $30 billion at full price, although customers often negotiate deep discounts.

-- Material from The Associated Press was used in this report.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2496192, ~/Articles/ArticleHandler.aspx, 8/29/2016 11:16:54 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 hours ago Sponsored by:
DOW 18,502.99 107.59 0.58%
S&P 500 2,180.38 11.34 0.52%
NASD 5,232.33 13.41 0.26%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/29/2016 4:02 PM
AL $28.63 Up +0.25 +0.88%
Air Lease CAPS Rating: *****
BA $132.90 Up +0.67 +0.51%
Boeing CAPS Rating: ****
UAL $46.95 Up +0.08 +0.17%
United Continental… CAPS Rating: **