Tuesday, 11 December 2012

Turkish Airlines Seals $5 Billion Boeing 777 Deal

THY Turkish Airlines has firmed up an order worth USD$4.7 billion at list prices for 15 Boeing 777-300ER aircraft, marking the biggest order by value in the airline's history, Boeing said on Monday.
The order, for a deal tentatively announced in October, includes options for a further five 777-300ERs, Boeing said in a statement.
The deal almost doubles the number of net orders in 2012 for Boeing's most profitable plane as the US company closes out a strong year dominated by sales of smaller 737 jets.
Turkish Airlines is the world's fastest-growing carrier and a key battleground for the world's dominant plane makers.
Its chief executive said earlier this year the airline was also studying the purchase of the latest design of medium-haul jets offered by Airbus and Boeing.
Boeing sold record numbers of 777 aircraft in 2011 but sales of the company's premium wide-body plane have slowed in 2012 as the civil aerospace cycle slows. As of December 4, the US manufacturer had sold a net total of 17 777s this year.
Boeing is weighing options for a refreshed design of the 777 to counter the future A350-1000 from Airbus.

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