Manufacturing Industry
Air Canada exercises options and purchase rights for 23 Boeing 787s
Airline Industry Information, April 24, 2007
AIRLINE INDUSTRY INFORMATION-(C)1997-2007 M2 COMMUNICATIONS LTD
Air Canada has exercised existing options and purchase rights for 23 Boeing 787 aircraft.
The move means that the airline is bringing its total firm orders for the aircraft to 37 from the 14 originally announced, with deliveries starting in 2010, making Air Canada the largest North American customer for the Dreamliner.
Air Canada said the revised agreement includes options for 23 Boeing 787 aircraft for a total of up to 60 Boeing 787 Dreamliners. In addition Air Canada has reduced its original Boeing 777 firm order and the related capital commitment by two aircraft due to be delivered in 2009.
Air Canada is scheduled to take delivery of a total of 16 Boeing 777s, in addition to one leased from International Lease Finance Corporation, by the end of 2008.
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