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Boeing, FlyDubai Announce Next-Generation 737 Order

Written by thomas · Filed Under Commercial 

July 14, 2008

thomas

– Dubai’s new low-cost airline orders 50 Next-Generation 737-800s
– FlyDubai plans first scheduled service in mid-2009

FARNBOROUGH, United Kingdom, July 14 /PRNewswire-FirstCall/ — Boeing
(NYSE: BA) and Dubai’s recently launched low-cost airline FlyDubai today
announced an order for 50 Next-Generation 737-800s at the Farnborough Air
Show. Valued at approximately $3.74 billion at current list prices, the
order will be added to Boeing’s Orders & Deliveries Web site at the next
regularly scheduled update. FlyDubai has substitution rights to convert its
737-800 orders to 737-900ERs (extended range) in the future.

“The Boeing Next-Generation 737 is ideally suited to our mission to
bring some two billion regional inhabitants affordable, efficient and
flexible travel options to and from Dubai,” said Sheikh Ahmed bin Saeed
Al-Maktoum, chairman of the new low-cost airline. “FlyDubai will be the
first step for a new set of passengers seeking out high-demand tourist
destinations in the Gulf States and surrounding countries, while bringing
connectivity to all parts of the globe.”

The Dubai government initially formed FlyDubai in March. Since then,
the airline has been building a business model based on flexible flight
operations with a high degree of interactivity with its customers, giving
them greater control in booking flights and tailoring their in-flight
services. The low-cost airline’s operations will be entirely separate from
Emirates Airline and Group.

Boeing Chairman, President and Chief Executive Officer CEO Jim McNerney
hosted a ceremonial signing and press conference held at the air show.

“Our relationship with the UAE is something we truly value and have
worked to strengthen over time,” McNerney said. “Today’s order is the
result of a thorough analysis of the contributions the Next-Generation 737
can make to FlyDubai’s innovative business model. We foresee the unmatched
efficiency and operability of this incredible airplane bringing the same
success to our partners in Dubai as it does to so many of the world’s most
successful low-cost carriers.”

One hundred sixteen customers have ordered more than 4,800
Next-Generation 737s. Boeing has more than 2,200 unfilled orders for the
Next-Generation 737 valued at more than $160 billion at current list
prices.

SOURCE Boeing

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