GE Commercial Aviation Services (GECAS) is buying 6 Boeing Next-Generation 737-700s valued at about $330 million at list prices.
GECAS is going to lease these planes as well as six that it already ordered to Central European airline, Sky Europe, which currently uses Boeing 737-500s. According to MarketWatch,
The order raises GE's aircraft total to just more than 1,300. At the end of the first quarter, GE said all but one of the planes was in service with an airline.
Boeing said it has logged orders for more than 2,400 "Next-Generation" 737s since it started the program in 1993, with a backlog of more than 770 airplanes.
The new planes will be delivered in 2006 and 2007. "The global popularity of the Next-Generation 737 family is an important attribute for leasing companies," said Boeing's vice president of Leasing & Asset Management, John Feren. "The 737 retains its value well and is the most reliable and economical airplane in its class, with excellent passenger comfort."
GECAS has been a customer of Boeing's for a long time, offering the 737, 747, 757, 767 and 777 models to carriers.
Boeing shares dropped 45 cents yesterday as GE shares climbed 38 cents.
Chris is a staff writer for WebProNews. Visit WebProNews for the latest ebusiness news.
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