Business

July 16, 2014

Boeing, Intrepid Aviation announce first 777-300ER order

Boeing and Intrepid Aviation July 15 announced the leasing company’s first direct Boeing order for six 777-300ERs (Extended Range), valued at $1.9 billion at current list prices.

Intrepid also has the option to purchase an additional four 777s. If all options are exercised, the value of the announcement could reach more than $3.2 billion at list prices.

“The economics of the 777-300ER are outstanding and offer an attractive growth potential for our airline customers,” said Franklin Pray, Intrepid Aviation president and CEO. “We are pleased to work with Boeing and add this order of the most popular twin-aisle aircraft of all time to our existing fleet of 777-300ERs.”

“We are excited to add Intrepid Aviation as a new Boeing customer,” said John Wojick, senior vice president, Global Sales and Marketing, Boeing Commercial Airplanes. “This significant commitment to the 777 reflects their position as a leading widebody lessor providing airlines with the most modern and fuel efficient aircraft available today. The 777-300ER has a diverse and large installed base offering market-leading customer breadth and depth.”

The 777 is the world’s most successful twin-engine, long-haul airplane. The 777-300ER is equipped with the world’s most powerful GE90-115B commercial jet engine, and can seat up to 386 passengers in a three-class configuration with a maximum range of 7,825 nautical miles (14,490 kilometers).

Intrepid Aviation is a privately held commercial aircraft lessor, which owns commercial aircraft leased to airline operators worldwide. Intrepid Aviation focuses primarily on twin-engine widebody equipment, such as the Boeing 787 and 777.

 




All of this week's top headlines to your email every Friday.


 
 

 

Headlines February 25, 2015

News: Army to send headquarters group to Kandahar in first sign of revision to Afghan withdrawal plan - In the first official sign that the Pentagon plans to keep a U.S. military presence in southern Afghanistan after this year, the Army is sending the 7th Infantry Division headquarters from Joint Base Lewis-McChord on a year-long deployment...
 
 

News Briefs February 25, 2015

Lithuania restores compulsory military service Lithuania will restore compulsory military service for young men as tensions in Ukraine continue to worry the small Baltic nation, the government said Feb. 24. After a meeting of military leaders and top government officials, President Dalia Grybauskaite said the measure was necessary because of growing aggression in Ukraine. Military...
 
 
Sensor Concepts Inc. photograph

Air Force Research Labís handheld imaging tool expands aircraft inspection capability

Sensor Concepts Inc. photograph An operator demonstrates the portability of the handheld imaging tool. The technology provides maintainers the ability to evaluate aircraft in the field to ensure mission-readiness. When pilots c...
 

 

Boeing, Royal Australian Air Force test extended range weapon

The Boeing Joint Direct Attack Munition Extended Range demonstrated significant range increase while maintaining its expected accuracy during flight testing conducted by Boeing and the Royal Australian Air Force. The testing centered on a new wing kit that, when used in conjunction with the weaponís guidance kit, increases the bomb’s range from approximately 15 miles...
 
 

DRS Technologies to provide comm systems for Royal New Zealand Navy frigates

DRS Technologies Inc., a Finmeccanica Company, announced Feb. 25 that its Canadian subsidiary will be providing tactical integrated communications systems to the New Zealand Ministry of Defense for the Royal New Zealand Navy’s ANZAC-class frigates. This subcontract was awarded to DRS Technologies Canada Ltd. in support of a communications modernization contract from Lockheed Martin Canada...
 
 

Northrop Grumman LITENING achieves two million operating hour milestone

In the life cycle of every military system, some milestones stand out as signature achievements. One million operating hours is one of them – and Northrop Grumman’s fielded AN/AAQ-28(V) LITENING pods have hit that number for the second time. “This is a significant milestone for the LITENING program and our team is proud to be...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>