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Leasing company orders 18 Boeing planes


Published :
Mon, 12 Mar 2007 13:31
By : Agencies
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SEATTLE (AP) - Boeing Co. said Monday that a Kuwait-based aircraft leasing company signed a deal to buy 18 airplanes.

The 18 planes carry a total list of $2.26 billion, according to a Boeing statement. Airlines typically negotiate substantial discounts from the list price when purchasing multiple planes.

The transaction with Alafco Aviation Lease and Finance Co. includes 12 787-8 airplanes and six 737-800s.

It is the first 787 order from a Middle East carrier to be finalized, Boeing said.

Six of the 787s were previously listed without the name of the buyer on the manufacturer's Web site, and the rest will be posted to the Web site this month, Boeing said.

In November 2005 ALAFCO signed orders for 12 Airbus A350s, making it the first leasing company to place an order for the European manufacturer's answer to the Boeing 787, but that plane is five years behind the Boeing model in development.

In November 2006 ALAFCO announced orders for six Airbus A320s, which compete with the Boeing 737.

ALAFCO became a publicly traded company in October and has airplanes on lease with nine carriers.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.




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