Billions for Boeing

Boeing has received orders from Air Cananda and Copa Airlines for up to 111 Boeing 737, 777, and 787 aircraft.


Boeing announced today that it has received orders from Air Cananda and Panama’s Copa Airlines for up to 111 737, 777, and 787 Dreamliner aircraft.


Air Canada today announced an agreement to renew its wide-body fleet with up to 36 Boeing 777s and up to 60 Boeing 787 Dreamliners. Air Canada will use the airplanes to modernize its existing fleet and improve operating efficiencies.


The agreement includes firm orders for 18 777s, plus purchase rights for 18 more, in a yet-to-be-determined combination of the newest 777 models: the 777-300ER, the 777-200LR Worldliner, and the 777 Freighter. Deliveries of the 777s begin next year.


The agreement also includes firm orders for 14 787s, a mixture of 787-8s and 787-9s, plus options and purchase rights for an additional 46 airplanes. Air Canada‘s first 787 will be delivered in 2010.


The firm orders are valued at approximately $6 billion at list prices. The order is subject to several conditions but the companies expect to finalize the agreement by mid year.


Separately, Boeing and Copa Airline executives today said the Panamanian airline placed an order for up to 15 additional new Boeing Next-Generation 737 airplanes for its all-Boeing fleet.


Five of the airplanes are firm orders. Deliveries begin in 2007 and extend through 2009. Firm orders and purchase rights, if exercised, would represent an approximate investment of $750 million.


Copa now operates 21 Next-Generation 737s, with three remaining to be delivered from prior orders. With today’s firm order, Copa’s fleet of 737-700/800s will increase to 29, making it one of the most modern fleets in the Americas.