Air France to buy 10 Boeing long-range 777s


Associated Press

SEATTLE – Air France will buy 10 of The Boeing Co.’s new long-range 777-300 jets in a deal that could be worth nearly $2 billion.

The jets sell in a range of $142 million to $193 million. Boeing would not give a precise value for the deal after confirming the order on Wednesday.

The carrier also has options to buy 10 more of the planes, Boeing spokeswoman Kathleen Hanser said. The first jet is scheduled for delivery in October 2003.

“They have a large 777 fleet,” Hanser said, referring to the 11 777’s Air France already uses. “They’re very happy with their 777 fleet, obviously. And we’re happy that they’re happy.”

The deal is particularly significant because Boeing is scoring a deal with a carrier in the backyard of its European rival, Airbus Industrie.

Singapore Airlines last week joined several other carriers in placing orders for Airbus’s A3XX superjumbo, which is expected to be in service by 2005.

Air France’s decision shows the increasing demand for smaller, more cost-efficient planes that would enable airlines to schedule more long-range flights in one day, Hanser said.

And with Boeing’s 777 being the most cost-efficient plane in the long-range market, it will be extremely competitive, said Robert Toomey, an analyst for Dain Rauscher Inc.

“I think the fact that they could sell it in Airbus’ backyard is a good testament to that,” Toomey said.

There may be more cases of Boeing and Airbus moving into each other’s territories, Toomey said.

“Both companies are crossing over into each other’s traditional customer bases,” he said. “More so than five or 10 years ago.”

Copyright ©2000 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

More in Local News

Former jail guards sentenced in dehydration death of inmate

During a mental health crisis in 2015, Keaton Farris, 25, wasted away in the Island County Jail.

‘We don’t know why he left’: Teen has been missing for 2 years

Interest in the case of Tyler Christensen, of the Edmonds area, has recently surged on the internet.

Talks to begin on emergency radio system contract

Motorola Solutions Inc. has been chosen to build a replacement for the current 911 radio system.

Traffic circles going in on Second Street in Marysville

The work follows complaints from residents about people driving too fast down the street.

Swift Bus and van collide in Everett, injuring 2

Their injuries were described as minor.

Two-day event will offer free medical and dental services

The Amen Everett Free Clinic is expected to serve 400 to 500 patients Friday and Sunday.

Video: Police seek 2 after fight at restaurant drive-thru

Security cameras at Memo’s in Everett caught one of the suspects aiming a gun at the other.

County Council grills Sound Transit CEO about long timeline

West Seattle and Ballard light-rail extensions will be completed before the main spine to Everett.

Girl who was raped as she died had drugs in her system

The official cause of death was announced as accidental by the medical examiner’s office.

Most Read