United, Boeing finalise Dreamliner order
SEATTLE and CHICAGO, Feb. 25 /PRNewswire-FirstCall/ — Boeing (NYSE: BA) and United Airlines (Nasdaq: UAUA) have finalized an order for 25 787-8 jetliners. The agreement includes the opportunity to purchase another 50 Dreamliners.
“Boeing and United Airlines share an 80-year partnership,” said Jim Albaugh, president and CEO of Boeing Commercial Airplanes. “United, which launched the Boeing 777, now begins a new chapter with the 787 Dreamliner, the most technologically advanced commercial jetliner ever built.”
The order is valued at $4.2 billion at average list prices.
“United’s Boeing 787 order represents a substantial investment in our future and will enhance the significant progress we are making in improving the global competitiveness of our company while providing the opportunity to open new profitable markets and serve a broader range of international destinations,” said John Tague, president of United Airlines.
United expects to take delivery of the 787s at the same time it will begin to retire its Boeing 747s and 767s operating on international routes.
The 787 Dreamliner, currently in flight test, will provide greater fuel efficiency, allowing airlines to add new, nonstop city pairs and the additional frequencies that passengers prefer.
The 787 also promises a more comfortable flying experience for passengers. Its innovations include a new interior environment with improvements in air filtration, higher cabin pressurization resulting in reduced physical fatigue, larger windows, more stowage space, improved lighting and other passenger-preferred conveniences.
The technologically advanced 787 will also provide airlines with up to 45 percent more cargo revenue capacity
Including United Airlines, 57 customers around the world have ordered 876 Dreamliners, making the 787 the fastest-selling new commercial jetliner in history.
About United Airlines
United Airlines, a wholly-owned subsidiary of UAL Corporation (Nasdaq: UAUA), operates approximately 3,300* flights a day on United and United Express to more than 230 U.S. domestic and international destinations from its hubs in Los Angeles, San Francisco, Denver, Chicago and Washington, D.C. With key global air rights in the Asia Pacific region, Europe and Latin America, United is one of the largest international carriers based in the United States. United also is a founding member of the Star Alliance, which provides connections for its customers to 1,077 destinations in 175 countries worldwide. United’s 46,000 employees reside in every U.S. state and in many countries around the world. United ranked No. 1 in on-time performance for domestic scheduled flights for 2009 among America’s five largest global carriers, as measured by the Department of Transportation and published in the Air Travel Consumer Report for 2009. News releases and other information about United can be found at the company’s Web site at united.com. Follow United on Twitter@UnitedAirlines.
* Based on United’s forward-looking flight schedule for January 2010 to December 2010.
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