British Airways PLC
21 February 2007
NEW LONGHAUL AIRCRAFT ORDER
British Airways has taken the first step towards expanding its longhaul fleet by
ordering four Boeing 777-200 ER aircraft for delivery during early 2009.
The airline has also taken out options on four Boeing 777-200 ER aircraft for
delivery in 2010.
Robert Boyle, British Airways' commercial director, said: 'These new aircraft
will enable us to grow our longhaul business after we move to Terminal 5.
'It was a close decision between the Boeing 777s and Airbus A330s. However, the
ease of assimilating up to eight aircraft into our existing 777 fleet, rather
than having a small number of A330s, swung the balance in Boeing's favour.
'We are confident of a similarly competitive approach from both manufacturers as
we move towards our major longhaul fleet renewal and expansion order later this
year.'
Negotiations continue with GE and Rolls Royce about which engines will be used
on the new Boeing 777 aircraft.
The airline's competition for additional and replacement longhaul aircraft to be
delivered in the next decade is considering the Airbus A330, Airbus A350, Airbus
A380, Boeing 787, Boeing 777 and Boeing 747-8. The first aircraft to be replaced
will be 20 Boeing 747s and 14 Boeing 767s, the oldest of which are currently 17
years' old.
ends
February 21, 2007 28/LG/07
Notes to editors
The list price for a new Boeing 777-200 ER is US$201 million per aircraft.
British Airways has 43 Boeing 777 aircraft in its fleet of which 27 have GE
engines and 16 have Rolls Royce engines. The airline's other longhaul aircraft
are 57 Boeing 747-400 and 14 Boeing 767-300.
In addition, British Airways has turned options for four Airbus A320 shorthaul
aircraft into firm orders. The aircraft will be delivered in 2008 to replace
Airbus A320 family aircraft that are leaving the airline's fleet.
Certain information included in these statements is forward-looking and involves
risks and uncertainties that could cause actual results to differ materially
from those expressed or implied by the forward looking statements.
Forward-looking statements include, without limitation, projections relating to
results of operations and financial conditions and the company's plans and
objectives for future operations, including, without limitation, discussions of
the company's Business Plan programmes, expected future revenues, financing
plans and expected expenditures and divestments. All forward-looking statements
in this report are based upon information known to the company on the date of
this report. The company undertakes no obligation to publicly update or revise
any forward-looking statement, whether as a result of new information, future
events or otherwise.
It is not reasonably possible to itemise all of the many factors and specific
events that could cause the company's forward looking statements to be incorrect
or that could otherwise have a material adverse effect on the future operations
or results of an airline operating in the global economy. Information on some
factors which could result in material difference to the results is available in
the company's SEC filings, including, without limitation the company's Report on
Form 20-F for the year ended March 2006.
This information is provided by RNS
The company news service from the London Stock Exchange
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