$2.7B Varig order from Boeing
[Hey, I thought Brazil was bankrupt. Where did that $2.7B come from? Oh, I forgot, there are actually people there flying, making phone calls and living their lives. Well, back to your regularly schedule panic by international capital. Who said that people with money are smart anyway?]
Varig Becomes First in Latin America to Order Boeing 777
PR Newswire - September 08, 1998 11:03
FARNBOROUGH, England, Sept. 8 /PRNewswire/ -- VARIG, the
largest airline in Latin America, announced an agreement to purchase 39
Boeing jetliners, Boeing Commercial Airplane Group confirmed today.
Demonstrating a bold vision for the future, VARIG becomes the first
carrier in Latin America to order the 777. VARIG has ordered four
777s, 10 Next-Generation 737-800s, four 737-700s and six
extended-range 767-300ERs. In addition, VARIG will place options
for four 777-200s and 11 737-700s. The approximate value of the
order, including options, is $2.7 billion.
"We worked very hard with Boeing to re-evaluate our fleet needs in
order to better serve our flying customers," said VARIG president and
chief executive officer Fernando Pinto. "We have been operating Boeing
aircraft for many years, and we look forward to continuing our
partnership into the future. The opportunity to acquire the Boeing 777
and the Next-Generation 737 will reinforce our position as a market
leader into the next century."
"We're delighted that VARIG is the first airline in Latin America to
order the 777," said Harry Stonecipher, president, chief operating
officer and acting chief financial officer - The Boeing Company.
"VARIG's vision demonstrates its commitment to long-term profitable
growth. We're confident these airplanes will meet VARIG's needs well
into the next century."
The Boeing 737 is operated by 280 customers in more than 100
countries, and continues to be the best-selling jetliner in commercial
aviation history. More than 800 737s are in the air at all times, with one
taking off every six seconds. The Next-Generation 737s include a newly
designed larger wing, new systems and avionics, a redesigned passenger
cabin, higher cruise speed, greater range and new engines. Boeing has
received more than 1,000 orders for the best-selling Next-Generation
737 family, which includes the 737-600/ -700/ -800/ -900 models.
The 777-200 is a long-range widebody twinjet with a seating capacity
of 305-328 passengers in three classes. The 777 is the most advanced
jetliner in production today, featuring fly-by-wire technology and
advanced, digitally controlled engines, offering passengers an unmatched
level of comfort and speed.
The 767-300ER is the most popular wide-body twinjet operating in its
class. The 767's superior economics and long-range flexibility allows
airlines to offer more frequent trips to international destinations. VARIG
and its subsidiaries, Rio Sul and Nordeste, currently operate more than
100 Boeing jetliners.
SOURCE Boeing Commercial Airplane Group
/CONTACT: Fernando Vivanco, 425-234-4181, Seattle, or Mark
Hooper,
44-(0)1252-381-390, Farnborough, both for Boeing/
/Company News On-Call: prnewswire.com or fax,
800-758-5804,
ext. 109119/
/Web site: boeing.com
/Web site: boeingmedia.com
(BA)
CO: Boeing Commercial Airplane Group; Varig
ST: Washington, England
IN: AIR
SU:
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