Air Berlin has reduced the number of 787 jets it has on order with the Boeing Co. to 15 from 25, the airline said Tuesday.
The German carrier cancelled the 10 Dreamliners due to market conditions, it said in a statement posted on the Air Berlin Website. The 10 Dreamliners are worth about $1.7 billion at list prices, though carriers rarely pay full price. The airline also reduced the options for additional 787s it had to five from 10.
“With a partnership spirit we have mutually agreed with Boeing to adjust the Air Berlin order book to meet Air Berlin’s operational requirements and the market conditions,” said Ulf Hüttmeyer, Air Berlin’s CFO, in the statement. “The agreement with Boeing demonstrates that Air Berlin believes in the future of the 787 aircraft.”
Boeing will begin delivering Air Berlin’s 787s in November 2015.
Air Berlin also deferred deliveries of nine Boeing 737s to 2015. The aircraft were originally scheduled for delivery in 2010 and 2011.
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